HYZN - Can Fuel Cells Beat Batteries in the Trucking Market?
Several automakers have put their electric truck plans on the back burner due to semiconductor supply shortages. Tesla , for example, has delayed mass production of its Semi truck to 2023 citing supply chain constraints. The chip shortage, coupled with rising costs of key metals used in batteries, has opened a window of opportunity for fuel cell electric vehicle (FCEV) makers.
Fuel cell truck maker Hyzon Motors (NASDAQ: HYZN) believes that when it comes to heavy-duty vehicles, hydrogen has some distinct benefits over batteries. Let's take a look at whether fuel cells can beat batteries in this transport segment.
To begin with, the first disadvantage of battery electric trucks is they require a far greater number of battery-charging stations than hydrogen refueling stations for the same number of truck stops.
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Can Fuel Cells Beat Batteries in the Trucking Market?