Re: ' Current industrial production of hydrogen gas'
There are two more major issues
You missed out the third one - that 700bar tank will contain "not a lot" of energy in the fuel compared with liquid systems (petrol, diesel, x-thanol, LPG, ...
And the fourth one - that it's completely incompatible with any of the existing distribution and dispensing infrastructure which means a a huge investment before it becomes practical at all.
And the fifth one - that the vehicle won't be dual (or multi) fuel.
Really, this is yet another example of throwing our money at something for political reasons with a complete lack of any rational thought about what the end result is supposed to be. A better use for the hydrogen would be to convert it to methanol which is : liquid at normal temperatures and atmospheric pressures (just like petrol), compatible with existing storage distribution and dispensing infrastructure (just like petrol), can be used in only marginally modified existing vehicles, and so on.
Had "flex fuel" been mandated when electronic fuel injection became ubiquitous, then by now most vehicles would be flex fuel - with suitable seal materials and capable of adapting the fuelling to run on ANY mix of petrol, ethanol, or methanol.
So compatible with existing infrastructure and vehicles - great, can be introduced piecemeal without massive up front costs and upheavals. Not only that, but being easily transportable in bulk (ship or pipeline), it would be fairly easy to set up production where sunlight is plentiful (for making the hydrogen) and transporting the easily transportable liquid to where it's needed.
But where's the trough for snouts if they went for that ?