Consider the following statements regarding hydrogen fuel cell vehicles:

Statement I: Hydrogen fuel cell vehicles are expected to achieve cost parity with battery electric vehicles by 2030 due to technological advancements.

Statement II: This is because the operational cost of hydrogen vehicles is currently lower than battery electric vehicles, making them a more economical alternative.

Which one of the following is correct in respect of the above statements?

1
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
2
Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
3
Statement I is correct, but Statement II is incorrect.
4
Statement I is incorrect, but Statement II is correct.

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