Michelin: A household name and a brand synonymous all over the world for its role in mobility. As the French company continues to expand, invest and innovate in its tyre business, post-Covid mobility trends and the accelerating growth of the electric vehicle market represent growth opportunities for the firm. And Michelin is betting big on hydrogen.
Transportation generates 23% of global CO2 emissions and a transition to electric vehicles appears to be the best way to achieve a long-term improvement in air quality. But battery-electric vehicles are limited by two weaknesses: their limited range (100-300km depending on usage) and the downtime required for a full charge. Enter the hydrogen fuel cell.
Fuel cells eliminate both of these issues – when oxygen comes into contact with hydrogen, it can generate electricity and water. A hydrogen fuel cell electric vehicle (FCEV) can cover 500-600km, a distance comparable to a conventional vehicle, and recharging at a station matches current behaviours today taking just three to five minutes.
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