Investing in sustainable mobility and new European car regulations
The European Union has a new challenge to achieve a carbon neutral footprint by 2050: to completely eliminate vehicles with combustion engines by 2035. Yes, in just 15 years there won’t be a single gasoline-powered vehicle on the continent, but there will be those that run on electricity or hydrogen.
This is why the sustainable mobility market is emerging as an increasingly tempting and very concrete investment option. Let’s explore why hydrogen cars and electric cars will be a big investment trend of the next decade.
Hydrogen mobility, an emerging sector
Projects aimed at developing hydrogen as a clean energy source will total an investment of up to $300 billion by 2030 worldwide.
Electric cars and hydrogen cars as a sustainable alternative
In the race for sustainable and environmentally friendly means of transportation, we have heard many proposals, the main contenders being those based on electric power alone and those using hydrogen as a replacement for fossil fuels.
While the electric proposal is the most popular – largely due to the ease with which many countries can adapt their automobile infrastructure to electric refueling stations instead of hydrogen tanks – this problem could be solved with an investment that, in the long run, could be more economical than the electric proposal. This strategy is already being implemented in Japan, even surpassing the 139% gain in 2020.
Hydrogen cars: sustainable mobility favorites
Let’s know below what makes hydrogen cars the favorite trend among investments in sustainable mobility.
Benefits of hydrogen cars
– Hydrogen is the most abundant element on our planet (due to its simple 1-electron composition, which makes it easy to find or extract from various natural sources). If the entire automotive fuel structure were to provide hydrogen refueling services, this fuel would be a more economical solution than gasoline or electricity.
– Given its simple composition, once used as a fuel, there are many ways to reuse hydrogen in the design of an automobile: in contact with oxygen it can be converted into water to cool the engine, or it can be stored for later processing and reuse as a fuel.
– The hydrogen released into the environment is a non-polluting element, so this type of fuel would not only be economical and reusable, but also completely eco-friendly. In addition, it is an ideal option for those regions that do not have sufficient natural resources (such as large rivers or lakes) to have large power plants, such as islands.
– A full hydrogen charge for a private car takes an average of 5 to 10 minutes to run, while a full electric charge would take between 8 and 12 hours.
Don’t miss this opportunity to invest in sustainable mobility and get advice from our financial experts at BBVA New Gen to create the perfect financial strategy for you. Contact us!
Hidrógeno, la energía del futuro… ¿y la inversión del futuro?
Clean Energy: Advantages and Disadvantages of Hydrogen Cars
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Investment opportunities thanks to the Hydrogen industry
In 2020, the European Union pledged to invest 430 billion dollars in renewable hydrogen by 2030, with the goal of installing 40 gigawatts of electrolyzers.