Regulatory bans on the sale of new gas-powered cars and trucks and government incentives for zero-emission vehicles have spread across the country and around the world, with most set to begin between 2030 and 2050. It may seem far off, but 2030 is right around the corner, especially in industries with long product lead times, such as those manufacturing planes, trains, and automobiles!
What are some nuances of the transition to zero-emissions?
During the zero-emission transition, most coverage has focused on the development of the electric vehicle (EV) industry. The mandate to reach a zero-emission future is clear, but the pathway needs more detail. J.D. Power forecasts show a divide among states in EV adoption through 2035, with California projected to have a 94% retail share, North Dakota barely cracking 20%, and the nation projected to be at about 63%. Technology is progressing, but issues such as range anxiety and reliable charging infrastructure remain daunting. Electrification range and infrastructure issues are an even greater challenge for vehicles with high power demands, like trains, planes, buses, and other passenger or freight haulers.
Is there another means to a zero-emission future?
Intrepid Leadership Matrix readers know a Hydrogen Powered Future Eliminates Carbon Emissions for Air Travel. They are also aware of promising hydrogen technologies- such as how Drilling for Hydrogen May be a Green Energy Game Changer.
I’ve included an article below on a Deloitte report that showcases how Green Hydrogen– hydrogen derived from electrolysis using renewable electricity- can be a prime driver to help achieve a zero-emissions transportation future. The economics also work, with Deloitte forecasting the total hydrogen market growing from $642 billion in revenue in 2030 to $1.4 trillion by 2050, with 85% of the market deriving from green hydrogen. Much of the focus on potential hydrogen solutions centers on the zero-emission transition for planes, trains, and shipping, though hydrogen technology can also be applied to internal combustion engines as an alternative to electrification.
The best part is that water vapor is the only emission in any application of hydrogen. We may yet see the rise of hydrogen as a workhorse in the zero-emission future! Enjoy the article, and let me know your thoughts on the quest for a zero-emissions future. Click here to email me about it!
~ Brian Kasal- The Leadership Matrix
P.S.- Did you see my last Leadership Matrix post? Is Social Security Really Going Broke?
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