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

Author:

Danielis Romeo12ORCID,Scorrano Mariangela12ORCID,Masutti Manuela13,Awan Asees Muhammad1,Niazi Arsalan Muhammad Khan1

Affiliation:

1. Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy

2. Interdepartmental Center “Giacomo Ciamician” for Energy, Environment, Transport, University of Trieste, 34127 Trieste, Italy

3. Area Science Park, 34149 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.

Publisher

MDPI AG

Reference41 articles.

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