He supported his comment by saying that the current cost of producing hydrogen fuel and energy is way too high, making it difficult to afford, even for big corporations.
During an interview recently, Musk was asked if he thought hydrogen had a role in accelerating the transition from fossil fuels. He said hydrogen energy is still in the early stages of development, and the technology will take some time to develop, but as of now, the “energy is ridiculous.” The DOE aims to significantly reduce the cost of zero-emission hydrogen by targeting a $ 1/ kilogram price.It takes work to bring the cost down, he added. “Hydrogen is still a very new technology, and the entire industry is working on it to bring the cost down,” he added. Creating green hydrogen is a fascinating process that taps into one of the most abundant resources on Earth—water. It starts with electrolysis, where water is split into hydrogen and oxygen using electricity.