Stellantis (NYSE:STLA) announced on Wednesday that it is ending its development efforts for hydrogen fuel cell technology, shifting away from a strategy once seen as part of its alternative energy portfolio.
The company pointed to several reasons behind the decision, including insufficient hydrogen refueling infrastructure, high capital expenditure requirements, and a lack of robust consumer incentives needed to drive adoption.
Given these challenges, Stellantis stated that it does not expect hydrogen-powered light commercial vehicles to gain meaningful traction before 2030. Consequently, it has canceled plans to roll out a new lineup of hydrogen-fueled Pro One models this year.
While the automaker is in talks with its partners regarding next steps for Symbio—a hydrogen-focused joint venture—Stellantis clarified that the discontinuation will not result in job losses at any of its manufacturing locations.
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