34% of Germans Would Opt for Hydrogen Vehicles, H2 twice as Popular as Electrical Vehicles

34% of Germans Would Opt for Hydrogen Vehicles, H2 twice as Popular as Electrical Vehicles

Posted 03 July, 2020 at 13:00

Author Mark Bradshaw on behalf of (IFM) Independent Forecourt Magazine


  • 72% of Germans would opt for a vehicle with alternative propulsion at the same price point
  • 34% favour hydrogen vehicles
  • A mere 17% prefer electric vehicles
  • Nevertheless: according to projections, the market penetration of electric cars will still be far ahead of that for H2 vehicles by 2030

72% of Germans would opt for a vehicle with alternative propulsion if the price was not higher than that of a conventional combustion engine. In 2017, it was still just one in two. This can be seen in a new infographic from Block-Builders.de. Among the various modes of propulsion, hydrogen vehicles are much more popular than hybrids, electric vehicles, petrol engines, etc.

34% of Germans would favour hydrogen vehicles at an identical purchase price. Hybrids rank second, followed by battery-powered electric cars. Petrol and diesel are the most popular with just 13% and 8% respectively. Nevertheless, hydrogen mobility still enjoys a niche status, as the infographics show. According to the results of a recent survey, almost one in three vehicles could already be electrically powered by 2030, whereas H2 vehicles will only have achieved a market penetration of 3% by that point. By the year 2050, however, experts expect that every third vehicle will be fitted with a hydrogen propulsion system.

However, a look at the share price gains of various listed companies across the electrical and hydrogen sectors shows that investors seem to see considerable potential in the technology. As can be seen in the infographics, stock market values have increased considerably. The price of certain hydrogen shares has climbed by up to 958% in the last 5 years. Although e-mobility industry leader Tesla was also able to increase its market value by 222%, long-term investments in hydrogen companies have on average been more profitable recently.

"It remains to be seen which technology will prevail in the automotive sector," according to Block Builders analyst Raphael Lulay. "Industry representatives also seem to be in disagreement. If consumers have their way, hydrogen will be at the top of the priority list. Not least investors can make these voices heard in this regard.”

More from (IFM) Independent Forecourt Magazine

Why today’s cars are over 63% bigger- and what this means for the future?
Press Release

Why today’s cars are over 63% bigger- and what this means for the...

05 August 2020
First Look Under Skin of New Battista Prototype at Concours Virtual
Press Release

First Look Under Skin of New Battista Prototype at Concours Virtual

05 August 2020
Falken scores first on track success with customer race teams at the Nürburgring
Press Release

Falken scores first on track success with customer race teams at th...

05 August 2020
FRANK STEPHENSON Charity Auction Is Now LIVE!
Press Release

FRANK STEPHENSON Charity Auction Is Now LIVE!

04 August 2020