EVs are not the future. Is hydrogen fuel the answer?

Aston Martin's Chief Creative Officer (CCO), Marek Reichman, believes that electric vehicles (EVs) are not the future. An autoevolution article discusses Reichman's belief, suggesting that alternatives like hydrogen fuel are more preferable in the long run. 

 

Despite the many benefits of EVs like instant torque, the silence, easy operation and the saving on petrol, the CCO believes that EVs are "nothing but a necessary craze" and a stepping stone to an even better alternative. He suggests that "hydrogen and biofuels are the future".

The article states:

"The man also believes that the search for a new way of powering cars without harmful emissions will spark a Golden Age of automotive design that’ll change how we view passenger vehicles and trucks."

Reichman is not alone in thinking this way. Last year, Mazda Europe said:

"Forcing carmakers to switch entirely to EVs might translate into expensive cars, while also destroying the secondhand market in developed nations. The immediate effect would be pollution moving from countries in the West to those in the East".

Porsche also shares the same vision, as it attempts to make "eFuels" a reality. Additionally, other car brands are throwing their hats in the ring.

The article states:

"Mercedes-Benz, even though is pushing to create better battery-electric cars and vans, is already exploring hydrogen as a better alternative to ICE vehicles. The German carmaker is already involved in a lot of deals that bring this type of fuel to Germany mainly for its trucks, and BMW is following suit as well with its iX5. These cars are known as fuel-cell vehicles (FCEVs). Toyota already has one that reached its second generation – the Mirai."

 

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It's easy to assume Battery Electric Vehicles (BEVs) will dominate the transportation future thanks to the Tesla's of the world. However, despite being late to the party, Fuel Cell Electric Vehicles (FCEVs) will play an important role. This is primarily due to charging. Reichman considers anything over five minutes to be too long and he's right, especially from a commercial perspective that requires vehicles running for 8 to 12 hours per day. FCEVs are not yet mainstream which provides a huge opportunity to first-movers such as H2X Global.

Jack Colreavy, Associate, Corporate Finance, Barclay Pearce Capital 

 

 

Read the full autoevolution article here.


H2X Global Limited

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H2X is an automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialisation in hydrogen is the basis of H2X’s growth, however with a strong platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right vehicle for the right task. H2X Global has operations in Australia, Malaysia, India, and throughout Europe.

 

 

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