A temporary jump in Nikola’s market cap to over USD 25 billion and a stock price topping USD 70 – on one day, even USD 90 – were quite the start. And yet, I stayed on the sidelines, which turned out to be the right thing to do.
This March, the German gas and water industries association DVGW published the findings of a study called “Hydrogen electric vehicles – trends and outlook,” which the organization had commissioned to evaluate the prospects for hydrogen in the transportation sector.
Two years ago, the interest of German truck manufacturers and freight forwarders in fuel cells was extremely low. It’s different today. Almost all logistics companies are now in some way concerned with the question of what fuel their vehicles will be powered by in the future.
The hydrogen and fuel cell units deployed in heavy-duty applications have been mostly test systems for onboard energy supply. Even those systems are far from being finished products. The shared opinion among research and development laboratories is that the technologies could be used to power cars and trucks, but only up to a certain weight or load.