The Economic Competitiveness of Hydrogen Fuel Cell-Powered Trucks: A Review of Total Cost of Ownership Estimates

Romeo Danielis (), Mariangela Scorrano, Manuela Masutti, Asees Muhammad Awan and Arsalan Muhammad Khan Niazi
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Romeo Danielis: Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy
Mariangela Scorrano: Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy
Manuela Masutti: Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy
Asees Muhammad Awan: Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy
Arsalan Muhammad Khan Niazi: Department of Economics, Business, Mathematics and Statistics, University of Trieste, 34127 Trieste, Italy

Energies, 2024, vol. 17, issue 11, 1-19

Abstract: This paper investigates the economic competitiveness of hydrogen-powered trucks. It reviews the growing number of papers that provide an estimate of the total cost of ownership (TCO) of hydrogen-powered trucks relative to their diesel equivalents. It examines the methodology applied, the variables considered, the data used for estimation, and the results obtained. All reviewed studies conclude that hydrogen-powered trucks are not currently cost-competitive, while they might become competitive after 2030. The conclusion holds across truck types and sizes, hydrogen pathways, mission profiles, and countries. However, we find that there is still a huge area of uncertainty regarding the purchase price of hydrogen-powered trucks and the cost of hydrogen, which hampers the reliability of the results obtained. Various areas of methodological improvements are suggested.

Keywords: hydrogen-powered trucks; total cost of ownership; systematic review; diesel-powered trucks (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
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