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REPORT * USA - $200B investment required to make a transition from oil to hydrogen fuel
Hydrogen-powered vehicles have the potential to help cut down on the United States oil dependence and carbon dioxide emissions, but...
Washington,DC,USA -Logistics Management, by Jeff Berman -23 July 2008: -- ... the act of taking it from a concept to fruition is far from a reality, according to a recent report by the National Academies of Science... The report, entitled “Transitions to Alternative Transportation Technologies: A Focus on Hydrogen,” states that in order to eventually make a complete transition from oil to hydrogen fuel a $200 billion investment would be required for R&D, vehicle deployment, and needed infrastructure. And the cost to the government is pegged in the report at roughly $55 billion between 2008 and 2023, with private industry expected to invest $145 billion in the same timeframe... Even though strides in the development of fuel cell and hydrogen production technology have been made in recent years, the report explains that challenges—like high vehicle costs and the lack of infrastructure needed to produce and widely distribute hydrogen to consumers—remain. But these challenges could be overcome with support for R&D and backing from the automotive industry and federal government, according to the report... What’s more, hydrogen-powered vehicles have strong potential to make a positive change both inside the walls of warehouses and distribution centers for lift trucks, forklifts, and turret trucks, among other vehicles, and also on the open road for the trucking industry. But despite this potential, more work needs to be done, according to various industry experts...
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