Hydrogen Fuel Cell Trucking Companies Face Financial Woes Amid High Costs and Limited Infrastructure

Hydrogen fuel cell trucking companies are facing a wave of failures due to high costs, lack of standardization, and sparse infrastructure. Several startups, including Nikola, Hyzon Motors, Quantron, and Hyvia, have gone under or ceased operations in the last six months. Despite government incentives, these companies struggled to scale up and cover costs. The passenger vehicle side is also negative, with only 4,800 hydrogen fuel cell cars sold globally last year, down from 8,800 in 2023. Governments continue to push for the technology, but the challenges and costs remain significant.