No Hydrogen Subsidy, No Problem

If fuel cell suppliers and other industry players are worried about China’s announcement that the government is ending subsidies for hydrogen vehicles next year, they are doing a good job of not showing it. “The announcement is old news,” said Nicolas Pocard, director of marketing for Ballard Power Systems (NASDAQ: BLDP), a Burnaby, British Columbia manufacturer of fuel cell systems. In an email to FreightWaves, Pocard noted that China’s existing five-year New Energy Vehicle incentive plan for fuel cell vehicle subsidies was due to expire in 2020.