Skip to main content
Home
EV stories

Main navigation

  • Home
  • Cars
  • Vans
  • Trucks
  • News
User account menu
  • Contact

Breadcrumb

  1. Home
  2. News
  3. The hydrogen economy is a benefit for oil companies

The hydrogen economy is a benefit for oil companies

hydrogen power plant

We have heard of the benefits of the hydrogen economy many times. It is presented as a green alternative for transportation. A fuel that does not emit carbon dioxide (CO2) emissions and can be produced cleanly. However, its efficiency is much lower than what might be expected. And it falls far short of battery electric vehicles. But this new element would benefit the oil and petrochemical companies that manufacture it. And they probably don't want to lose their market power if diesel and gasoline die in the long run.

The hydrogen economy has many pros going for it. The first one is that it allows cars to circulate and only emit water. A great advantage over current fossil fuels. That's clear. Another of its benefits is its speed of loading. A vehicle only takes three minutes to fill its hydrogen tanks. Similar time to refuelling gasoline, but much shorter than charging an electric car battery, which takes hours.

But what is not realized about the hydrogen economy is its low efficiency when producing it. To obtain this element in a clean way, it is necessary to use green energy. That is, it comes from the wind, the sun or some hydroelectric power station, for example. This entails a loss of close to 50% of said energy, which reduces its efficiency.

And as if that were not enough, then this hydrogen is used to obtain electricity again, and thus propel car engines, leaving another 25% on the way. In other words, of all the green energy that was generated, at the end of the entire process, only a quarter has been recovered. Or what is the same, 75% of the electricity has been lost through all this treatment that involves enormous costs. This makes green hydrogen currently unprofitable.

First image gallery
hydrogen economy

The hydrogen economy is not for everyone

However, the hydrogen economy today is seen as a way to store the green electricity that is produced and is sometimes discarded because it is not used. It should be remembered that electricity has to be used when it is produced because it is very difficult to store. For this reason, hydrogen is sold as a solution to maintain it and use it when necessary.

Despite the great advantages that the hydrogen economy would have, a car with this fuel would only benefit the oil companies. They could continue their activity and start selling this fuel instead of gasoline or diesel.

Although some car companies have invested large amounts of money in the development of this technology, others have denied that hydrogen is the right choice for cars. The last to raise its voice was Volkswagen.

Second image gallery
hydrogen plant

The CEO of the German group, Herbert Diess, said through the social network Twitter that it has been shown that the hydrogen car is not the solution. For him, electrification has established itself as the right choice for cars. For this reason, he regretted that this debate is a waste of time and has claimed that we must listen to science.

Category

  • News

Tags

  • fuel cell cars
  • hydrogen economy
  • electric car battery
  • hydrogen cars
  • hydrogen plant
  • Add new comment
avatar
By Car Division, 29 June, 2021

Similar stories

How to extend the battery life of an electric vehicle

Electric cars have entered our daily life confidently and, apparently, for a long time. Despite all the difficulties of this year, the number… Continue reading...

How to extend the battery life of an electric vehicle

Spain begins to build its first battery factory for electric cars

Spain begins constructing its first lithium battery cell factory, and lithium extraction will commence in 2022. This step will minimize… Continue reading...

Spain begins to build its first battery factory for electric cars

Iveco and Nikola open a commercial electric vehicle plant

The inauguration of the new commercial electric vehicle plant took place in the presence of Gerrit Marx, CEO of Iveco Group, Max Russel, CEO,… Continue reading...

Nikola Tre BEV

The last episode of the digital series "Concentrated Freedom"

Jeep's trip through the Dolomites in "Concentrated Freedom," a digital series all about the new Jeep Avenger… Continue reading...

Jeep Avenger 1st Edition

Waiting periods for electric vehicles may get even longer

Despite a global chip scarcity, electric vehicles are on the rise. As with combustion engines, there are occasionally significant wait periods… Continue reading...

Waiting periods for electric vehicles may get even longer

Europe's electric vehicle sales may soon face a reality check

Sales of battery electric vehicles are growing in Europe, primarily due to the excitement of wealthy early adopters and government incentives… Continue reading...

Europe's electric vehicle sales may soon face a reality check

Skoda built the 100,000th Enyaq iV electric car

The 100,000th Skoda Enyaq iV rolled off the assembly line at the main Skoda plant n Mladá Boleslav at the end of August. The company uses the… Continue reading...

Skoda Enyaq iV

New car drivers are preparing for an all-electric future

Many driving school students now getting behind the wheel for the first time are expected to drive only electric cars when they obtain their driving… Continue reading...

New car drivers are preparing for an all-electric future

Like us!

EV stories

Popular stories

The Ram 1500 Revolution battery electric pickup with all-wheel drive and 800-volt tech

The Ram 1500 Revolution battery electric pickup with all-wheel drive and 800-volt tech

The new YOYO electric quadricycle with a range of 160 kilometers

XEV YOYO electric city car

The new Opel Astra Electric and Opel Astra Sports Tourer Electric will inspire people

The new Opel Astra Electric and Opel Astra Sports Tourer Electric will inspire people

The Opel Astra electric car will be available from 2023

Opel Astra

Stellantis helps Archer Aviation build electric airplanes

Archer Midnight eVTOL airplane

The new BMW iX electric SUV in Phytonic Blue Metallic

BMW iX electric SUV

The new Elaris Beo electric SUV from China comes to Germany

The new Elaris Beo electric SUV

The Peugeot e-3008 electric SUV will finally arrive in 2023

The Peugeot e-3008 will finally arrive in 2023

The Skoda Enyaq Sportline iV 80x with 265 hp

The Skoda Enyaq Sportline iV 80x with 265 hp

The new GAC Aion Hyper GT electric sports car has the best aerodynamic coefficient

The new GAC Aion Hyper GT electric sports car has the best aerodynamic coefficient

Partners

Panorica
Car division
Powered by Contabo: Powerful VPS SSD
RSS feed

evstories.com · 2023 · Privacy Policy · Powered by Contabo VPS

Powered by Drupal