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The Economic Competitiveness of Hydrogen Fuel Cell-Powered Trucks: A Review of Total Cost of Ownership Estimates

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  • Romeo Danielis

    (Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy
    Interdepartmental Center “Giacomo Ciamician” for Energy, Environment, Transport, University of Trieste, 34127 Trieste, Italy)

  • Mariangela Scorrano

    (Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy
    Interdepartmental Center “Giacomo Ciamician” for Energy, Environment, Transport, University of Trieste, 34127 Trieste, Italy)

  • Manuela Masutti

    (Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy
    Area Science Park, 34149 Trieste, Italy)

  • Asees Muhammad Awan

    (Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy)

  • Arsalan Muhammad Khan Niazi

    (Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy)

Abstract

This paper investigates the economic competitiveness of hydrogen-powered trucks. It reviews the growing number of papers that provide an estimate of the total cost of ownership (TCO) of hydrogen-powered trucks relative to their diesel equivalents. It examines the methodology applied, the variables considered, the data used for estimation, and the results obtained. All reviewed studies conclude that hydrogen-powered trucks are not currently cost-competitive, while they might become competitive after 2030. The conclusion holds across truck types and sizes, hydrogen pathways, mission profiles, and countries. However, we find that there is still a huge area of uncertainty regarding the purchase price of hydrogen-powered trucks and the cost of hydrogen, which hampers the reliability of the results obtained. Various areas of methodological improvements are suggested.

Suggested Citation

  • Romeo Danielis & Mariangela Scorrano & Manuela Masutti & Asees Muhammad Awan & Arsalan Muhammad Khan Niazi, 2024. "The Economic Competitiveness of Hydrogen Fuel Cell-Powered Trucks: A Review of Total Cost of Ownership Estimates," Energies, MDPI, vol. 17(11), pages 1-19, May.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:11:p:2509-:d:1400226
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    References listed on IDEAS

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