US-based Hyzon Motors Inc., a global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, has launched a leasing service for the provision of heavy-duty fuel cell electric vehicles (FCEVs) to its customers in the European Union.
Through the leasing service, Hyzon intends to enable potential European Union customers to operate the company’s branded vehicles through a leasing model, and to thereby fast-track the transition of their fleets to hydrogen fuel.
Hyzon and its partners have been actively developing complete end-to-end lifecycle solutions that enable fleet operators to viably make the transition to hydrogen fuel cell commercial vehicles. The company’s new lease offering represents the first step in the development of a holistic fleet leasing offering for the European market that is expected to include hydrogen fuel, insurance, service and maintenance for Hyzon and Hyzon-branded vehicles.
Hyzon also announced that it aims to be among the first companies to supply customers with a hydrogen fuel cell truck at total cost of ownership (TCO) parity with diesel-powered commercial vehicles in Europe. With its leading fuel cell technology, and incentives available in Europe, Hyzon expects to help customers achieve TCO parity through its alliance with multiple hydrogen infrastructure partners.