Part 7/9:
In a surprising turn of events, Shell has announced the closure of all but one of its hydrogen stations in California, which raises serious questions about the viability of hydrogen as a competing fuel source against electric vehicles. Only 12,866 hydrogen vehicles were registered globally in 2024, a sharp decline reflecting an ongoing trend where hydrogen technology fails to match the consumer appeal of EVs. Shell’s decision to pivot towards emphasizing electric vehicle charging solutions instead underlines a broader industry shift.