For over a decade, the global automotive industry had committed to and invested in the battery electric vehicle concept. That narrative has now all but collapsed, confronted with fading consumer demand, volatile supply chains, and infrastructure bottlenecks. OEMs are now pulling capital out of the BEV fad and moving toward hydrogen and synthetic fuels.
Hyundai
What Does the Money Say?The capital reallocation is significant, with Honda’s investment in an independent hydrogen program for commercial and passenger vehicles following the end of its partnership with GM. Further, Toyota and Isuzuinking a partnership for commercial HFC (Hydrogen Fuel Cell) vehicle development, the heavyweights are signaling to the market that the margin-crushing battery electric model no longer convinces their board members.Hyundai, similar to Toyota and Honda, is shifting focus to the commercial adoption of hydrogen fuel cell vehicles. Recently signing an MOU with the Georgia Institute of …
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Author: Yash Bajaj
