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About Commodity Insights
24 Jan 2024 | 17:00 UTC
California has faced challenges in decarbonizing its transportation sector using hydrogen as a zero-emission vehicle (ZEV) fuel option. At the heart of it are a lack of reliable infrastructure and prolonged elevated hydrogen prices at fueling stations, according to an analysis by S&P Global.
As part of the progress made, ZEV sales reflected 118% growth from 2018-2023, with electric vehicle sales making up most of the volume.
The adoption of hydrogen fuel cell electric vehicles has been sluggish due to challenges in the availability of hydrogen fuel, equipment failures and elevated delivered hydrogen to fueling stations.
Related feature: Logistical woes and high pump prices stall California H2 market development