Hydrogen prices are close to parity with diesel
PE Live: Hydrogen closes gap on diesel parity
Scaling up production and infrastructure will lead to more competitive hydrogen pricing over next few years
Hydrogen vehicles could reach cost parity with diesel vehicles very shortly depending on geographical location, according to to speakers at a PE Live event on the use of hydrogen in haulage. As soon as cost parity is reached, the road transport sector could see a tipping point where investment flows suddenly start to move away from infrastructure and vehicles based on the internal combustion engine model. In some parts of the world the tipping point is already within reach, according to Craig Knight, CEO of hydrogen vehicle manufacturer Hyzon Motors. “Having the infrastructure build up becomes incredibly important for this to be a replacement for diesel” Wood, Cummins “In Australia
Also in this section
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
