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In order to be cost competitive with blue hydrogen in Europe, green hydrogen needs to beat a target of ~2.5 Euros/kg H2. (Source: Aurora Energy Research)
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Green Hydrogen: Electrolyzers still Need Policy Support to become Competitive

Both Germany and Europe have set the goal of becoming greenhouse gas neutral by 2050 at the latest. This means that energy consumption throughout the economy must be switched to carbon-free sources. Hydrogen will play an important role here, especially in activities that are otherwise impossible or difficult to decarbonize - for example, in the steel and chemical industries, aviation, ships or parts of the transportation sector. One of the crucial factors for rapid conversion is the question of how the production costs for green hydrogen can be reduced to a competitive level.

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