Mr. Nitin Gadkari recently launched India's first hydrogen-based fuel cell vehicle (FCEV) - Toyota Mirai. We decided to compare EVs with Hydrogen based vehicles to see where the potential lies and here are the details -
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EV vs Hydrogen
A hydrogen fuel cell car has a hydrogen tank that feeds a fuel cell with high pressure hydrogen gas that mixes with oxygen.
This mix starts a reaction that produces electricity to power the electric motor.
Status of Hydrogen Fuel as an alternative in India - From February 2020, the MNRE has partnered with NTPC Ltd to propose the implementation of a fuel cell bus pilot project.
Indian Oil is proposing to operate almost 50 hydrogen fuel cell buses from two sides: from Panipat Refinery (Haryana) and Gujarat Refinery. The work at the end of the refinery has already started and the company has invested to make a fuel purity of 99.5 INI.
India’s policy on hydrogen-powered vehicles? PM Modi, while speaking at the 3rd Re-invest Conference in November 2020 had announced plans to launch a comprehensive National Hydrogen Energy Mission.
In Union Budget 2021-22, FM proposed launching Hydrogen Energy Mission in 2021-22 for generating hydrogen from green power sources.
Hydrogen vehicles are being considered due to the following limitations of EVs
- Long charging Hours
- Less running range in a single recharge
- High battery replacement cost
- Raw materials (Lithium, nickel & cobalt) available in only few countries
Battery replacement cost in India - As per e-vehicleinfo website, the replacement price of the Tata Nexon EV Battery Pack (31 kWh lithium-ion battery pack) will be around Rs 5.50 lakh to Rs 6.20 lakh in India.
As per the founder of Okinawa electric scooter, the company offers a three-year warranty on its Li-ion battery powered scooters and the cost of replacement will be around Rs 20,000.
Countries moving towards green hydrogen economy - Japan, China, France, Germany, USA, Canada, Australia, UK, Norway, South Korea.
Japan leads the way in hydrogen fuel-cell vehicle development thanks to the efforts of auto makers such as Toyota and Honda.
Even the European Union has announced a Hydrogen Roadmap plan.
Hope you enjoyed reading the details and the comparison between EVs and Hydrogen Fuel cell vehicles. While it's still very early days as far as Hydrogen vehicles are concerned, it's always good to know about the developments in the industry and same can also help unearth potential investment opportunities.
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