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IDTechEx: Invest Now in Fuel Cell Vehicles
By Dr Peter Harrop Chairman IDTechEx
April 23 2015 (www.investorideas.com newswire) There is divided opinion on future of traction fuel cells in electric vehicles though few argue any more that they will power the majority of electric vehicles. Nonetheless some manufacturers are very enthusiastic and now could be the beginning of the end of the trough of disillusionment indeed the time to invest as analysed in the IDTechEx report "Fuel Cell Electric Vehicles 2015-2030: Land Water Air" www.idtechex.com/fuel.
A comparison of views is shown below (Source: IDTechEx):
Enthusiastic: Toyota Nissan Honda Hyundai
Seen as a part of the toolkit in future: Yutong (sees fuel cell EVs following future success with pure electric on-road EVs not preceding it) GM BMW Daimler Ford Suzuki
Sceptical: Volkswagen Chrysler PSA Fiat Mazda Proton
Negative: Tesla BYD
Dr Harrop Chairman of IDTechEx believes "Fuel cells will have significant profitable use in a significant minority of vehicles by 2025 maybe a few percent. However time waits for no one and a window of opportunity is closing: there is little scope for further slippage in timescales as pure electric alternatives are rapidly improving too and they are already successful in a huge variety of vehicles".
Analysts at IDTechEx feel that it is particularly significant that for use in open systems electricity is ubiquitous - the more so with multiple forms of energy harvesting appearing on vehicles and their charging stations to produce substantial amounts of electricity. Hydrogen distribution will never be ubiquitous at private homes though Honda has developed a small photovoltaic hydrogen-making station for vehicles.
Nevertheless it is now at the bottom of the hype curve that prudent investment in the vehicle fuel cell value chain can be worthwhile. A large number of significant improvements are promised from viable green hydrogen to replacement of expensive platinum in the devices and some must surely be successful mainly from 2020 onwards as the IDTechEx timelines in the report testify.
However whereas there is great scope for consolidating the finished EV business as Polaris Industries is proving with the highly fragmented industrial leisure and commercial light EV sectors there is only limited scope for consolidating the vehicle fuel cell business as yet. That is because technological change is accelerating and many fuel cells are made by vehicle manufacturers.
About IDTechEx
IDTechEx www.idtechex.com guides your strategic business decisions through its Research and Events services helping you profit from emerging technologies.
We provide independent research business intelligence and advice to companies across the value chain based on our core research activities and methodologies providing data sought by business leaders strategists and emerging technology scouts to aid their business decisions.
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Subscribing to IDTechEx research services gives you access to a wide range of our technology and market research on a given topic or across topics. It provides you with unlimited access to new related content throughout the subscription period and on-going support from our dedicated team. See www.IDTechEx.com/subscriptions for more details.
Contacts:
Teresa Henryt.henry@IDTechEx.comUK: +44-(0)-1223-812300USA: +1-617-577-7890
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