Investor Presentaiton
11
Rapidly decreasing cost curve driving TCO reduction
HDT FCEV Expected to be Most Competitive
TCO Before 2030¹
Estimated to reach breakeven parity of
heavy-duty truck FCEV & BEV by ~2025
& diesel ICE by ~20281
Key steps to accelerate FCEV
TCO
(US$/km)
1.8
FCEV
1.6
TCO reduction:
Decrease capital costs through advanced
BEV
1.4
manufacturing, materials selection.
FCEV expected breakeven
to BEV ~2025
&increased volume (3x3 program - pg 40)
• Increase durability
1.2
Diesel
• Reduce fuel costs
(~60% FCEV TCO for MDT/HDTS)
Low-carbon hydrogen cost reduction
expected to account for up to 90% of
total TCO reduction from 2020 to 20302
1
FCEV expected breakeven
0.8
2020
to Diesel ICE ~2028
2025
2030
2035
*40t long-haul HDT, 800km fuel range, 10 year lifespan, 150k km/year, renewable hydrogen, Europe,
~US$1.6/liter diesel price through 2040
1, 2 See Slide Notes
2040
BALLARD™View entire presentation