Making the Right Investment in Electric Vehicles
BUFFALO, N.Y. – Apr. 19, 2022 -
When it comes to electric vehicles, there are two main types of technology: battery electric and fuel cell electric. Battery electric vehicles (BEVs) rely on electricity stored in batteries to power the car, while fuel cell electric vehicles (FCEVs) convert hydrogen gas into electricity to power the car. While BEVs are more popular, FCEVs have many advantages over BEVs that investors should consider when making their next investment.
FCEVs are much more efficient than BEVs. The average efficiency of a FCEV is 60-70%, while the average efficiency of a BEV is only 20-30%. This means that FCEVs use less energy to travel the same distance as BEVs, which reduces emissions and saves money.
Another advantage of FCEVs is that they can be refuelled much faster than BEVs. It only takes a few minutes to refill a FCEV, while it can take hours to recharge a BEV. This makes FCEVs much more convenient for long distance travel.
FCEVs also have a longer range than BEVs. The average FCEV can travel 300-400 miles on a single tank of hydrogen, while the average BEV can only travel 100-200 miles on a single charge. This means that FCEVs can make longer trips without needing to stop for refueling or recharging, which is again more convenient for drivers.
Investors should keep these advantages in mind when considering their next investment. While electric vehicles are popular, FCEVs are a better long-term investment due to their efficiency, convenience, and range.
If you're interested in learning more about investing in electric vehicles vs hydrogen, please contact us today. We would be happy to discuss this topic with you in more detail.
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