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Deloitte-Ballard Joint White Paper Assesses Hydrogen & Fuel Cell Solutions for Transportation
Deloitte-Ballard Joint White Paper Assesses Hydrogen & Fuel Cell Solutions for Transpo...
About this update from Ballard Power Systems Inc.
[{"type":"text","content":"\n\n\n\nDeloitte-Ballard Joint White Paper Assesses Hydrogen & Fuel Cell Solutions for Transportation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDeloitte-Ballard Joint White Paper Assesses Hydrogen & Fuel Cell Solutions for Transportation\nCanada NewsWire\nVANCOUVER, LAS VEGAS, and SHANGHAI, Jan. 8, 2020\n\n\n\nFuel Cell Electric Vehicles projected to be less expensive to run than battery electric and internal combustion engine vehicles within 10-years VANCOUVER, LAS VEGAS, and SHANGHAI, Jan. 8, 2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) and Deloitte China today announced the release of a joint white paper entitled \"Fueling the Future of Mobility: Hydrogen and fuel cell solutions for transportation\" at the Consumer Technology Association's CES 2020 trade show being held in Las Vegas, Nevada. This white paper is the first volume in a series exploring how hydrogen is set to power the future of mobility. Click here to download the white paper. \n\n \n \n\n \nRandy MacEwen, Ballard President and CEO said, \"In less than 10 years, it will become cheaper to run a fuel cell electric vehicle (FCEV) than it is to run a battery electric vehicle (BEV) or an internal combustion engine (ICE) vehicle for certain commercial applications.\" \nAlthough FCEVs are currently more expensive to run per 100 kilometers (km) than BEVs and ICE commercial vehicles, they are set to become much cheaper as manufacturing technology matures, economies of scale improve, hydrogen fuel costs decline and infrastructure develops. Indeed, the white paper conservatively estimates the Total Cost of Ownership (TCO) for commercial hydrogen vehicles will fall by more than 50% in the next 10 years. \n\"We are excited to partner with Deloitte on this important initiative,\" added Mr. MacEwen. \"We believe this white paper provides answers to the most pertinent questions from industry executives and laypeople alike, specifically regarding the economic viability of FCEVs and their environmental sustainability.\"\nAdrian Xu, Deloitte China Financial Advisory Director sai...