https://seekingalpha.com/article/4359121-plug-power-is-facing-enormous-challenges#comment-85935053 While hydrogen fuel cells have many advantages, including faster fueling, higher energy density, and longer range, they are falling behind batteries in terms of cost-effectiveness. Batteries are far more efficient than hydrogen fuel cells in that a higher percentage of electricity generated is transferred into propulsion. Management consultancy company Horváth & Partners found that battery EVs have an efficiency of 70%-80% compared to the 25%-35% efficiency of fuel cell cars.
The growing success of lithium-ion batteries, in particular, is threatening the long-term legitimacy of hydrogen fuel cells. Given how promising the electric vehicle market is, the recent success of batteries is bad news for Plug Power. Plug Power is investing heavily across the hydrogen fuel cell supply chain, from hydrogen sourcing to fuel cell manufacturing. If hydrogen fuel cells continue to lose momentum to batteries, Plug Power will have little to fall back on.
The electric vehicle market is expected to continue growing rapidly for the foreseeable future, with BloombergNEF predicting a global EV fleet of 116 million by 2030.
That is 3 times better "gas mileage" So if Electrovaya is say 36 mpg equiv, PLUG is 12 mpg.
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