The Economist gets the hydrogen car story right. From its big 15-page cover story on climate solutions, an article on “The drive for low emissions” notes:
But hydrogen fuel cells have been just around the corner for a long time…. The fuel cell, says Shell’s Duncan Macleod, was ‘overpriced and over-promised at the front end.’ … It is an expensive business…. Hydrogen cars cost around $1m each to build, according to Mr Macleod. At the pump the hydrogen costs $5 a kilo–about the same, in terms of mileage, as current petrol prices. How much does it cost Shell to make? “A lot more than $5,” says Mr Macleod, laughing.
I could not agree more. More on The Economist shortly.
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