WPIC – Platinum on Board, Mar 2026

This report highlights the global advancement and deployment of hydrogen fuel cell buses as a key component in public transportation.

It covers technology improvements, OEM participation, and policy commitments across North America, Europe, and Asia. Key developments include New Flyer's agreement with Ballard for 500 hydrogen fuel cell engines, CaetanoBus's hydrogen mobility solution in Porto, Bosch's FCPM C100 fuel cell module aligned with EU regulations, and Toyota and Isuzu's co-development of a new hydrogen fuel cell bus. The outlook for platinum demand from hydrogen fuel cells in bus fleets is strengthening due to increased deployment and technological advances.