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The day is not far when we will be driving cars which leads to zero carbon emission in the environment. Vehicles such as buses, delivery vans, cars, and semi-trucks would be running on efficient clean energy sources. Even workplaces will also be equipped with backup that is running on environment-friendly sources. Technology is going to have its marvels which will help not only in becoming efficient but also be sustainable.
In our blog today, we are going to compare 2 types of vehicles that are going to empower the future automobile industry – Hydrogen Vs Electrical powered vehicles.
To get clarity about the comparison electrical vs hydrogen vehicles, it is important to understand how each of the technologies works.
Electric Vehicles are powered by lithium-ion batteries or different types of batteries (such as a lead-acid battery, nickel-cadmium battery, nickel-metal hydride battery, & solid-state battery) of electricity that power electric motors. These electric motors supply power to various parts of the vehicle. Batteries in these are recharged by plugging into an electric socket like any other electronic device.
Fuel cells can be considered the main component of hydrogen-powered vehicles. Hydrogen vehicles contain electric motors fueled by hydrogen cells. The presence of a fuel cell allows hydrogen to react with oxygen to create a chemical reaction that produces electricity. This produced electricity is then used by the electric motor to move the vehicle. The only by-product of these hydrogen-powered cells is harmless water vapor.
Now, both the fuels look promising and it’s difficult to understand which one is more ecological and sustainable. So, let’s look at more aspects of these vehicles in detail.
The range of electric cars can vary due to their price. An expensive car can run 375 miles whereas the less expensive one runs 150 miles. Also, the re-charge time of these cars can take up to an hour. Whereas, Hydrogen-powered cars have a much better range i.e. 414 miles with faster fueling within 5 minutes.
Safety is a key concern with hydrogen fuel cells, because of the highly flammable nature of hydrogen gas. However, technological advancements have tackled many potential safety issues.
For example, the Toyota Mirai uses a unique design to avoid hydrogen leaking while also cutting off the flow of hydrogen in the event of a collision and storing the fuel tank outside of the cabin so that, in the unlikely event of a leak, the gas will vent harmlessly into the atmosphere.
In Comparison to the Hydrogen fuel cell, electric batteries also come with their safety concerns. Lithium-ion batteries can cause injury if overheated or overcharged.
There can be a fire as these batteries can ignite. Many companies are working to resolve these issues by regulating temperatures and multiple sets of small batteries to avoid overcharging.
Both the fuel sources have their safety concerns.
Both hydrogen and electric power don’t produce emissions from their exhausts, both of these vehicles have zero GHG emissions as by-products.
Hydrogen Vehicles are more expensive with less infrastructural development due to a lack of proper facilities. It only has 400 refueling stations over the globe. Whereas, electric-powered vehicles have thousands of refueling stations
Electric vehicles can be expensive to buy, depending on which manufacturer and company you are buying from. But, Hydrogen vehicles are more expensive than electric vehicles, with no specific budget options available in the market currently. The price range for a new hydrogen vehicle is equivalent to a top-end electric vehicle.
The projected growth in the market size of electric-powered vehicles is $1,299.3 billion by 2030 which equals a CAGR of 19.8%. Even investors have higher confidence in this industry’s future that’s why this industry has raised a $23.15 billion investment.
The value of the Hydrogen fuel cell market in 2018 was $651.9 million and it is expected to reach $42.04 billion by 2026, growing at a CAGR of 66.9% from 2019 to 2026 and will be worth USD 46.89 Billion by 2028.
Major Market Shareholder Companies
The Major Market Shareholder Companies in the Electric powered vehicle include Tesla Inc., VW Group, BYD, GM, Stellantis, Hyundai motor, and BMW Group.
The Major Market Shareholder Companies in the hydrogen fuel cell vehicle include Honda, Toyota, Hyundai, Daimler, Audi, BMW, Volvo, Ballard Power Systems, General Motors, and MAN.
With the information, provided we can see that electrical powered vehicles are more technically advanced as compared to hydrogen-powered vehicles. This means we can encounter more advancements in the upcoming future for the Hydrogen operated vehicles. Hydrogen-powered vehicles have more scope for advancements as compared to electric-powered vehicles. The reason for this can be the initial stage of Hydrogen fuel cells in the market. Get in touch with Wissen Research to get more insights related to emerging technologies and Market Analysis of such technologies.