Forget Hydrogen cars, it's EV's that are taking over16 Aug 2021 14:28
Consensus building around pure EVs
Firstly, the car industry now seems to be coalescing around the view that battery EVs, as opposed to hybrids or other fuel sources, will be the winning technology.
Katherine Davidson said: “Hybrids – even plug-ins – are increasingly being seen as legacy technology. They have been popular with consumers, given concerns over battery range, but that is lessening with improving battery technology and the build-out of charging networks.
“Plus, the tendency of consumers to drive hybrids mostly in conventional fuel mode means they’re nowhere near as helpful in terms of reducing CO2 emissions as the labelling would suggest, and regulators are wising up to this.”
“Costs are coming down very fast on the battery side, and customers are getting more comfortable with the technology”, Katherine Davidson added. “This means that other technologies, like hydrogen fuel cells, are a bit of a sideshow when it comes to private cars. The investments required to build a hydrogen refuelling network would be enormous, though governments in Japan and Korea are subsidising some projects.
“They are, however, a useful technology for heavier vehicles like trucks where the size of battery needed would make a pure EV impractical.”
Rodrigo Kohn, European Equities analyst, said: “The dynamics around the pure EV market have changed substantially just in the last couple of years. Batteries have become cheaper, vehicle ranges are improving, governments have come out with more subsidies, and the cost of production is coming down.
“For a consumer buying a car on a two-year lease, as is common in many developed markets, the cost is often less than a combustion engine vehicle or even a hybrid, especially for company cars.”
https://www.cityam.com/chasing-tesla-how-traditional-carmakers-are-revving-up-their-electric-vehicle-production/
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