势银研究 | 孝义氢车破局方案：唯一一个购置+运营双赢场景

Core Viewpoint - The article discusses the promotion and implementation of fuel cell vehicles in Xiaoyi City, highlighting key signals and developments in the hydrogen energy sector, particularly focusing on the economic viability and environmental benefits of hydrogen fuel cell trucks. Group 1: Policy and Implementation - The demonstration period for fuel cell vehicles has been extended to mid-2026, allowing for continued subsidy reviews and support for the promotion of hydrogen vehicles in Xiaoyi City [3]. - The city plans to add 1,000 hydrogen fuel cell heavy trucks within the year, with significant allocations across various industries, totaling over 1 billion yuan [4]. Group 2: Economic Viability - Subsidies for fuel cell trucks can reach up to 756,000 yuan, making the purchase cost lower than that of diesel trucks, with the effective cost for a 31-ton heavy truck dropping to 250,000-350,000 yuan after subsidies [5]. - The total cost of ownership (TCO) for hydrogen fuel cell trucks is projected to be 196.6 million yuan, which is 64.8% of the TCO for diesel trucks, indicating a significant cost advantage when subsidies are applied [9]. Group 3: Environmental Impact - The use of gray hydrogen as fuel can theoretically reduce carbon emissions by 21% compared to diesel trucks, with a single truck potentially reducing emissions by 518.4 tons annually [11]. - The projected annual carbon reduction from the deployment of hydrogen trucks in Xiaoyi could reach 69,900 tons, equivalent to the carbon absorption of approximately 3.882 million trees [11]. Group 4: Infrastructure and Support - Local hydrogen production capacity exceeds 400,000 tons, with production costs for high-purity hydrogen ranging from 8 to 10 yuan per kilogram, ensuring profitability for hydrogen refueling stations [10]. - The exemption of highway tolls for hydrogen fuel cell trucks can significantly offset operational costs, enhancing the economic attractiveness of these vehicles [7].