Posted on 05 Dec 2022
During the recently held International Trade Fair for Industrialisation of Hydrogen Industry and Fuel Cell Technology (f-cell China), the representative from Shanghai Hydrogen Propulsion Technology (SHPT) claimed there will be a 50% fuel cell cost reduction from 2021 to 2023 and another 50% will occur from 2023 to 2025.
On 2 December, Jiang Junling, director of the powertrain system department at SHPT claimed at this forum held in Shanghai that the localisation of fuel cell stack production will greatly contribute to the cost reduction, along with the scale effects and other factors, Kallanish learns.
He expects the total cost of ownership (TCO) of hydrogen fuel cell vehicle will still be competitive under various application scenarios even in 2025 when the incentive policies for fuel cell vehicles will end. TCO is broken down into the difference between the vehicle purchasing cost and the residual value, fuel cost, labour fee, toll, and maintenance cost. In this simulation, he set the price of hydrogen as CNY 25 ($3.56)/kilogram in 2025.
According to him, the TCO of a 49-tonne heavy-duty truck will be about CNY 3.84 million, that of its internal combustion engine vehicle (ICEV) counterpart will be about CNY 3.97m and the battery electric version will cost about CNY 3.18m. The rated power of this fuel cell truck's fuel cell system will be greater than 200 kilowatts, the mileage range will be about 400 kilometres, the pressure of the hydrogen storage system will be 30 mega pascals, and the volume of hydrogen stored will be about 35 MPa.
He also compared the three types of TCOs of 4.5t light trucks, 12-metre buses, and business-use multi-purpose vehicles (MPVs). In given scenarios, the TCOs of hydrogen fuel cell vehicles are lower than those of the ICEVs while higher than the costs of BEVs.
Source:Kallanish
