The nascent hydrogen-fuel industry may soon overtake natural gas in transport as companies including General Motors, Honda and Toyota have made investments in the technology, which has the potential to be produced on a zero-emissions basis with wind and solar energy. Although hydrogen fuel is currently four times the price of natural gas, within 10 years it could become marketable should it see price declines similar to wind and solar over the same timeframe.
The nascent hydrogen-fuel industry may soon overtake natural gas in transport as companies including Toyota, Honda and General Motors have made investments in the technology, which has the potential to be produced on a zero-emissions basis with wind and solar energy. Although hydrogen fuel is currently four times the price of natural gas, within 10 years it could become marketable should it see price declines similar to wind and solar over the same timeframe.