TLDR: Li-ion is bridge to H2 future, will settle into niche use cases.
--
I'm very bullish on hydrogen for transportation. Maybe more. Think forward 10-20 years out.
Here's my current and partial and wild guess hot take on ICE vs EV vs H2:
EV is great for cars and smaller. EV also good for energy storage, eg homes, utilities.
H2 is great for trucks, delivery, heavy gear, buses, etc. Basically cars and bigger, or needing more range.
~2032 we'll hit peak yearly Li-ion production at ~8t gw/h. Market saturated, most materials recovered from recycling instead of mining.
2022 produces ~40m ICE, ~1m EVs cars per year.
I don't know how many ICE vehicles (trucks, vans, etc) are made yearly.
Installed base of automobiles is 1.2b to grow to 1.8b by 2030. Average ICE lifespan is ~30 years. Crunch the numbers. We cannot get passenger automobile sector to carbon zero fast enough on our current trend lines. We'd need to retire ICE early and produce enough replacements.
I have NO IDEA how many EVs we'll produce yearly. Consider the yearly Li-ion production and kwh used per car. We'll have to make cars smaller. What Horace Dediu calls "micromobility". (eg The battery pack of the popular, cute, functional Chinese EV is 1/10th of a Tesla.)
There's still no clear game plan for carbon zero for the other half of transportation, meaning trucks and buses and bigger.
H2 today ~= Li-ion 2006. Think of how we might mature H2 even faster than Li-ion matured.
H2 will be completely safe. As in solid state storage. Plasma Kinetics and such. https://plasmakinetics.com
H2 production will be (must be) completely off fossil fuels. In a few years, we'll have excess energy capacity looking for applications. Like producing H2, ammonia, etc.
BMW, Toyota, others completely missed (biffed) the Li-ion technology wave. And will suffer for it. I think it's wise of them to look towards the next disruption.
--
One wild card is ammonia NH3. It may prove a useful transition step. Helping us retire ICE faster, while EV and then H2 ramp up.
I'm certain there are other wild cards.