I don't "summarily" dismiss it. I've done enough and seen enough to come to ghis very definite conclusion based on sound thermodynamic and financial principles.
The trouble is that as long as SOME of our electricity is coming from conventional sources, then the extra demand on the electrical grid will be fulfilled using fossil fuel, and we will burn a lot more fossil fuel that way instead of using it directly in vehicles. Every energy-conversion step involves losses, so the fewer conversions, the better off you are.
Hydrogen is currently not produced using electrolysis on an industrial scale. It's too expensive (because it uses too much electricity). Steam reforming from natural gas is the way it's done, it's less expensive because it's more efficient. But if the fuel is to be used in a vehicle, it's less expensive (and uses less fossil fuel and emits less CO2) to simply use it directly!
Furthermore, the province of Ontario is trying desparately to eliminate coal-burning power plants and replace them with renewable, or at least non-CO2-emitting (i.e. nuclear), sources. Good goal. It's not going to happen in the timeframe originally allotted, but good goal nevertheless. If hydrogen were to be produced by electrolysis on a large scale, where is the extra power going to come from? Guess what, they would have to put the coal plants back in operation, and those emit more CO2 per kilowatt produced than any other fuel!
What if you make a dedicated renewable-source power plant dedicated to hydrogen production? The economics and the CO2 emissions are both better if you take that electricity and simply feed it into the national power grid. The total CO2 emissions will be less by doing it this way, too. Any electricity generated this way can displace a coal-fired power plant. If you do the energy balance, 1 kW fed into the grid can displace about 2.5 kW worth of burning fuel that causes CO2 emissions (based on 40% plant efficiency). But if you go the hydrogen route, it displaces considerably less than 1 kW of fossil fuel due to the inefficiencies.
I've said it before, and I'll say it again: AFTER we have converted the entire electricity generation base load over to renewable, or at least non-CO2-emitting, sources, and we have a *surplus* of renewable source electricity, ONLY THEN does hydrogen make sense to use in vehicles. Until then, it will *always* be more efficient, when you consider the WHOLE SYSTEM, to use some other fuel for vehicles (and biodiesel would be one suitable choice).
I am convinced that enough research has been done right now, that if some miracle source happened on the production side of hydrogen, our society would have NO TROUBLE finding a use for it. The money currently being spent on finding ways to *use* hydrogen would be better spent building windmills. Or tidal power plants, or whatever. And on retrofitting every building in the country to trim heating and lighting usage to the bare minimum.