Some 220,000 hydrogen-powered vehicles will be sold by 2035, according to a November 2022 report from research firm Interact Analysis. Most shipments are forecast for after 2030 in trucking and off-road applications, including ag equipment. The firm forecast that hydrogen vehicles would “never reach the level of diesel or battery electric vehicles, as it instead looks to establish niches.”
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
