Hydrogen will reach diesel parity in 2025 – Sinopec

Fleet operators will have compelling reason to switch to hydrogen trucks as costs continue to fall

Fuel cell electric vehicles (FCEVs) are expected to be cost-competitive with traditional vehicles running on petrol and diesel by the end of this decade, according to a researcher at China’s biggest hydrogen producer. An inflection point will be reached in 2025, when the cost of producing hydrogen using renewable energy in China looks set to fall below RMB30/kg ($4.69/kg), meaning it will have reached parity with diesel, according to a presentation by Jiang Ning, chief expert at Sinopec Marketing, at the China International Oil and Gas Trade Congress in Shanghai. This will offer fleet operators a more compelling case to switch to FCEVs. Parity with trucks running on petrol will come in 2030,