Hydrogen Transportation Applications Report Highlights (MDHD) - week 2
Series—Week Two
This is SEP’s second post in our weekly series highlighting key insights from our latest report.
Hydrogen and hydrogen derivatives are emerging as viable fuels to decarbonize many transportation sectors. At SEP, our Transport Tracking Database monitors thousands of global announcements for medium- and heavy-duty (MD/HD) trucks, ships, material handling equipment (MHE), buses, rail, aircraft, and SAF.
In addition to tracking hydrogen HD vehicle announcements, SEP analyzed the total cost of ownership (TCO) for MDHD diesel vehicles, battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs) using six leading quantitative studies.
Our key findings:
⧫ MDHD BEVs are projected to reach TCO parity with diesel vehicles by 2035.
⧫ MDHD FCEVs are expected to reach TCO parity around 2040.
Several key factors influence these timelines, including fuel and electricity prices and dwell time (the time required for BEV charging).
Our new report, Hydrogen Transportation Applications, offers an in-depth analysis of vehicle sales and registration data across global, North American, and U.S. markets—benchmarking these trends against hydrogen vehicle purchases and market developments. Access the full report here: https://www.saoradh.com/marketplace-new
—SEP Hydrogen Chapter 3: Transportation Applications, January 2025
About Saoradh Enterprise Partners
Saoradh Enterprise Partners (SEP) is a cleantech venture capital and research firm based in Boulder, Colorado. SEP partners with innovators, entrepreneurs, and corporations to develop cleantech solutions at the magical intersection of science (what’s possible), finance (what’s bankable), industry (what’s needed), and planet (what matters). Learn more at www.saoradh.com.
Media contact:
Jackson Levin, Business Development & Communications, Hydrogen Data Consortium
+1 (303) 448-2115 (office main number)
+1 (414) 405-3743 (cell)