Hydrogen Fuel Cell Passenger Vehicles Gain Momentum Globally, with Asia-Pacific Leading the Way.
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Hydrogen Fuel Cell Passenger Vehicles Gain Momentum Globally, with Asia-Pacific Leading the Way.

Close to 60 thousand hydrogen fuel cell passenger vehicles were sold worldwide by the end of 2022.

In a recent report published by ResearchAndMarkets.com, the global market for hydrogen fuel cell passenger vehicles has shown remarkable growth and potential. The study provides comprehensive data on the sales and future projections of these vehicles, shedding light on automaker strategies and market trends.

According to the report, the adoption of hydrogen fuel cell passenger vehicles has gained significant traction in recent years. By the end of 2022, close to 60,000 of these vehicles had been sold worldwide, with more than 30,000 sold between 2021 and 2022 alone. This surge in sales reflects a growing interest in hydrogen fuel cell technology.

Asia-Pacific and Europe have emerged as the leading regions in the rapid deployment of hydrogen fuel cell vehicles. While countries like Korea, Japan, and California have witnessed strong sales due to their well-developed hydrogen fueling infrastructures, the United States, with the exception of California, lags behind due to a lack of federal-level action.

One of the primary obstacles to the widespread adoption of hydrogen fuel cell vehicles globally is the unavailability of hydrogen refueling stations. Market growth has been primarily driven by regions that have already deployed a dense network of hydrogen stations. Currently, Korea boasts the densest hydrogen fueling infrastructure of any major market, accounting for more than half of the fuel cell vehicles sold worldwide.

The market for hydrogen fuel cell passenger vehicles has been dominated by automakers such as Hyundai and Toyota. Hyundai’s Nexo and Toyota’s Mirai have been at the forefront, with Nexo emerging as a clear winner. However, as the market gains further traction, other major players are entering the competition. Honda plans to re-enter the market in 2024 with a fuel cell vehicle based on its popular Honda CR-V model. Additionally, BMW is set to mass-produce and sell fuel cell vehicles, developed jointly with Toyota, in the coming years.

China stands out as the country with the most automakers making strides in the fuel cell passenger vehicle market. While previous rollouts in China were primarily technical demonstrations, the expansion of hydrogen fueling infrastructures in the second half of the 2020s is expected to drive greater market acceptance and a more widespread presence of fuel cell vehicles.

Looking ahead, the report predicts that by 2030, several regions around the world will have sufficient hydrogen fueling infrastructures in place, which will significantly boost the market for these vehicles.

Fuel cell technology holds immense potential across various transportation sectors, including cars, trucks, buses, forklifts, motorcycles, bicycles, airplanes, boats, submarines, and trams. However, the report highlights two major types of hydrogen-driven vehicles that are currently witnessing significant activity in the market:

  1. Hydrogen Hybrids: Similar to gasoline hybrids, these vehicles use hydrogen instead of gasoline and generate electricity through regenerative braking. Notable examples include the fuel cell vehicles rolled out by Toyota, Hyundai, and Honda.
  2. Hydrogen Plug-in Hybrids: These vehicles allow the battery to be charged from an electric outlet, much like gasoline plug-in hybrids. The Mercedes Benz GLC F-Cell was the first plug-in hydrogen fuel cell hybrid on the market, and now other automakers are following suit.

As the global market for hydrogen fuel cell passenger vehicles continues to evolve, the advancements in fueling infrastructure and the entry of new automakers signal a promising future for this clean and sustainable transportation technology.

Click here for full report.

Also Read: Audi Opens Innovative Charging Hub in Salzburg, Austria.

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