The consultancy firm McKinsey and Company, sponsored by a group of large automakers and energy companies conducted a study and found that hydrogen fuel cell vehicles are viable and needed technology in the field of alternative cars.
To be fair, the study also says that Battery Electric Vehicles (BAVs) and Plug-in Hybrid Vehicles (PHEVs) also have a future in helping to clean the environment and provide energy independence in the U. S.
There are a couple of important takeaways from this report. First, according to the study, the hydrogen refueling infrastructure will cost around $3 billion, (far less than previous estimates by other parties). This cost will be about the same as establishing an electrical charging infrastructure for BAVs and PHEVs.
Second, the cost of the hydrogen infrastructure would amount to roughly 5-percent of the cost of each vehicle which pencils out to around $1,000 – $2,000 over the lifetime of the vehicle. The study says that FCVs, BAVs and PHEVs will all be necessary going forward to wean ourselves from fossil fueled vehicles and each will have a place in the marketplace going forward.
For the full report go here