As the cost of lithium-ion batteries continues to fall, battery electric cars rise in appeal. Hydrogen fuel cell vehicles will comprise only 1 percent of all passenger cars by 2050, said Australian Energy Minister Angus Taylor citing a BloombergNEF report. He pointed to the falling cost of lithium-ion batteries to explain why battery electric vehicles have greater appeal compared to more expensive H2 fuel cells.
The number of drivers behind the wheel of fuel cell cars is negligible, according to the report. However, the tech could make up 16 percent of buses and 10 percent of heavy commercial vehicles by 2050. Those clearly represent much more meaningful figures.