
Source: businesswire | Published on: Monday, 03 February 2025
DUBLIN--(BUSINESS WIRE)--The "Hydrogen Internal Combustion Engine Truck Market, North America and Europe, 2024-2034" report has been added to ResearchAndMarkets.com's offering.
H2ICE sales is expected to grow more than 61 times between 2025 and 2034 and reach 23,640 units across North America and Europe, with North America contributing more than 53% of the sales. More than 96% of the sales across the 2 regions will come from the heavy-duty segment, given the applications, range, and re-fueling accessibility factors.
Recent cutbacks in EV investments due to lower consumer interest and higher raw material prices can boost alternative ICE vehicles, such as H2ICE, with lower price premiums that consumers can readily adopt in the short-to-medium term. ICEs running on hydrogen require minimal modifications and offer good customer value. These fuels can be made available at existing fuel stations without the need to upgrade or drastically change existing electricity infrastructure.
H2ICE can provide use cases for a wide range of applications, overlapping with both BEVs and FCEVs. The availability of hydrogen for refueling will remain a major impediment and make H2ICE more suitable for regional, long-haul, and heavy-duty applications and less attractive for urban applications. In the short term, the cost of hydrogen and the accessibility to refueling stations will be major factors in H2ICE adoption. However, in the long term, H2ICE will lose competitiveness in terms of cost of ownership, when compared to zero-emission vehicles, due to falling prices of BEV and FCEV components, as well as the lower cost of electricity.
KEY ISSUES ADDRESSED
Growth Opportunity Universe
Key Topics Covered:
Transformation in the Hydrogen Internal Combustion Engine Truck Market
Growth Environment
Ecosystem in the Hydrogen Internal Combustion Engine Truck Market
Hydrogen Economy
H2ICE versus Conventional ICE
H2ICE Ecosystem
Growth Generator in H2ICE Volume Forecast
H2ICE TCO Analysis
Appendix & Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/8qs7wh
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