Established vehicle manufacturers (Toyota, Hyundai, Daimler and Volvo) are ramping up their delivery schedules of hydrogen powered cars and long-haul trucks that require fueling stations. Nikola Motors (NKLA: Nasdaq) has announced it will be manufacturing hydrogen electric long-haul vehicles and has received billions of dollars of pre-orders. There are currently under 100 hydrogen fueling stations in the USA versus 150,000 gas stations and 20,000 battery electric vehicle (BEV) recharging stations. There is a need for thousands of hydrogen fueling stations in the USA and Canada.
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