CEOs Push for Hydrogen Mobility in EU: GHMA Urges Strategic Focus
Key Ideas
  • Over 30 CEOs, including those from Daimler Truck, Hyundai, and Toyota, have signed a letter urging the European Commission to prioritize hydrogen-powered transportation in the EU's climate strategy.
  • Hydrogen mobility is seen as a strategic imperative, complementing electric vehicles and potentially saving Europe billions in infrastructure costs by 2050.
  • The push for hydrogen is not limited to Europe, with efforts in the US facing challenges and a just-passed bill favoring biofuels over hydrogen credits.
  • The GHMA advocates for a more coordinated EU policy framework for hydrogen mobility, emphasizing job creation, industrial growth, and unlocking energy system synergies.
Over 30 CEOs have signed a letter from the Global Hydrogen Mobility Alliance (GHMA), calling on European Union policymakers to prioritize hydrogen-powered mobility in the EU's clean transportation strategies. The signatories, including executives from Daimler Truck, Hyundai, and Toyota, stress the importance of hydrogen technologies as a complementary and cost-effective way to decarbonize road transport, potentially saving Europe significant infrastructure costs by 2050. They highlight hydrogen's role in creating jobs and driving industrial growth, estimating up to 500,000 jobs by 2030. The letter emphasizes the need for a coordinated EU policy framework for hydrogen mobility, advocating for simplified regulations and increased infrastructure investment. The CEOs believe that a combined approach of hydrogen and electric vehicles will be more cost-effective for Europe compared to relying solely on electrification. They also point out how hydrogen enables demand aggregation, supports hard-to-abate sectors, and reduces renewable energy waste. In contrast, hydrogen initiatives in the US have faced setbacks, with the bankruptcy of companies like Nikola Motors and lack of federal support hindering progress. President Trump's recent bill removes hydrogen credits in favor of biofuels like B99 biodiesel, reflecting a shift in policy priorities. Despite challenges, advocates remain optimistic about the potential of hydrogen mobility, citing the benefits of long ranges, fast refueling, and job creation opportunities. The GHMA continues to push for a pragmatic EU policy framework to accelerate the adoption of hydrogen technologies and drive sustainable growth in the transportation sector.
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