As decarbonization is becoming a key topic in the aviation industry, hydrogen and electric propulsion have the potential of reducing the environmental impact of aviation but also come at a high price. Over the next ten years, switching to electric-powered aircraft will cost 14.35 billion U.S. dollars and another 75 billion U.S. dollars are expected over the next two decades.
Projected cost of switching to electric and hydrogen-powered aircraft worldwide from 2021 to 2050
(in billion U.S. dollars)
Characteristic
Hydrogen propulsion
Electric propulsion
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Statista. (November 26, 2021). Projected cost of switching to electric and hydrogen-powered aircraft worldwide from 2021 to 2050 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1279683/cost-switching-electric-hydrogen-powered-aircraft-worldwide/
Statista. "Projected cost of switching to electric and hydrogen-powered aircraft worldwide from 2021 to 2050 (in billion U.S. dollars)." Chart. November 26, 2021. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1279683/cost-switching-electric-hydrogen-powered-aircraft-worldwide/
Statista. (2021). Projected cost of switching to electric and hydrogen-powered aircraft worldwide from 2021 to 2050 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1279683/cost-switching-electric-hydrogen-powered-aircraft-worldwide/
Statista. "Projected Cost of Switching to Electric and Hydrogen-powered Aircraft Worldwide from 2021 to 2050 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Nov 2021, https://www.statista.com/statistics/1279683/cost-switching-electric-hydrogen-powered-aircraft-worldwide/
Statista, Projected cost of switching to electric and hydrogen-powered aircraft worldwide from 2021 to 2050 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1279683/cost-switching-electric-hydrogen-powered-aircraft-worldwide/ (last visited June 18, 2024)
Projected cost of switching to electric and hydrogen-powered aircraft worldwide from 2021 to 2050 (in billion U.S. dollars) [Graph], Statista, November 26, 2021. [Online]. Available: https://www.statista.com/statistics/1279683/cost-switching-electric-hydrogen-powered-aircraft-worldwide/