Feb 12, 2024 - News

Hydrogen powering up

Data: Hydrogen Fuel Cell Partnership; Chart: Axios Visuals
Data: Hydrogen Fuel Cell Partnership; Chart: Axios Visuals

The outlook for hydrogen-powered vehicles is improving after decades of unfulfilled hype, thanks to unprecedented federal support and increased private investment, Axios' Joann Muller writes.

What's happening: In October, the Biden administration awarded $7 billion from the 2021 infrastructure law to establish seven regional hubs for hydrogen production.

  • And the Inflation Reduction Act includes tax incentives for fuel cell vehicles, hydrogen infrastructure and energy storage.

The latest: Honda and Detroit-based General Motors have started producing fuel cells at a factory in Brownstown to power a new plug-in hybrid fuel cell version of Honda's CR-V crossover utility coming this spring.

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