Economics
Total Unconvinced by Hydrogen Cars as France Unveils Subsidies
- Government to spend $117 million by 2023 on hydrogen vehicles
- Total CEO says hydrogen power one step behind electric battery
This article is for subscribers only.
France’s biggest energy company expressed skepticism about the economics of hydrogen-powered vehicles as the government unveiled subsidies to promote the gas as way of cutting fossil-fuel consumption and fighting climate change.
“We find it difficult to be convinced it has a future in 10 years time,” Total SA Chief Executive Officer Patrick Pouyanne said in an interview with local daily Ouest France published on Friday. “This is still very expensive.”