President Obama’s no is a big blow to the hydrogen fuel industry

The hydrogen industry’s 1.2 billion US dollar boost given by President Bush has been axed partially by President Obama as a part of the several budget cuts. This move is in contrast to Obama’s green image and green sanctions. The primary reason because, the industry to not close enough to market hydrogen fuel cells and the probability of deploying hydrogen fuel-cell vehicles in the next 10 or 20 years is very low. Despite the advances made in hydrogen production storage and transportation, there are still many obstacles in the way. Moreover the infrastructure necessary will be very expensive. These cuts will reduce the 169 million US dollars per year to 68.2 million US dollars and the US tax payer saves 100.8 million US dollars. The cuts will virtually eliminate the automotive fuel cell research grants. The remaining funding will be used to investigate non-automotive fuel cell uses.
[Dailytech]