European, American green trucking firms suffer streak of failures: Four hydrogen trucking startups have gone bust in the past six months, as tepid demand, high hydrogen prices, and lackluster infrastructure continued to hold sway, Bloomberg reported last week. US-based Nikola and Hyzon Motors and EU-based Hyvia and Quantron are among the shuttered firms, in addition to electric truck and bus makers Arrival and Proterra.

China is the exception: Green trucking has managed to progress in China, with 75k electric units sold in the medium and heavy truck sector last year, as well as roughly 4k fuel cell-powered trucks. China’s low battery prices for electric commercial vehicles — at USD 90 per kWh in 2024 — were less than half of the average for other nations, which stood at USD 190 per kWh — a low cost that allows China’s green trucks to compete with diesel-run counterparts.

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