EUROPE FUEL CELL VEHICLE MARKET

INTRODUCTION

Rising environmental concerns, an increase in government initiatives to build infrastructure for hydrogen fuel cells, a large initial investment in infrastructure, and technical innovation and future potential are the main drivers influencing the growth of the worldwide market.

It is projected that each of these elements would significantly affect the market for fuel cell vehicles.

The onboard electric motor of a fuel cell car is powered by a hydrogen fuel cell. Electricity is produced using a hydrogen fuel cell, which is powered by hydrogen. Fuel cell vehicles have a significant potential to cut transportation-related pollution.

Unlike vehicles powered by diesel and gasoline, this one does not emit any greenhouse gasses (GHG) while it is in motion.

EUROPE FUEL CELL VEHICLE MARKET SIZE AND FORECAST

The Europe Fuel Cell Vehicle Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

NEW PRODUCT LAUNCH

The first mass-produced fuel cell heavy-duty truck in the world, the Hyundai XCIENT Fuel Cell, was sent to Switzerland today by Hyundai Motor Company in ten units. The business intends to deliver 50 XCIENT Fuel Cells to Switzerland, with the first commercial fleet clients receiving their units.

Hyundai intends to release a total of 1,600 XCIENT Fuel Cell trucks, demonstrating both its technological expertise and dedication to the environment as it strives to reduce carbon emissions through zero-emission solutions.

A 190-kW hydrogen fuel cell system with two 95-kW fuel cell stacks powers XCIENT. Approximately 32.09 kg of hydrogen may be stored in total over seven substantial hydrogen tanks. On a single fill-up, the XCIENT Fuel Cell can go roughly 400 km.

This was created in an effort to strike the perfect balance between the particular needs of potential commercial fleet clients and the Swiss charging infrastructure. Each vehicle has to be refueled for between 8 and 20 minutes.

RECENT PARTNERSHIP INEUROPE FUEL CELL VEHICLE MARKET

As part of the largest-ever pan-European fuel-cell passenger car project, Hyundai Motor plans to deliver 75 units of its ground-breaking hydrogen-powered ix35 Fuel Cell. Deliveries for the Fuel Cells and Hydrogen Joint Undertaking-funded Hydrogen For Innovative Vehicles (HyFIVE) project will take place in Bolzano, Copenhagen, Innsbruck, London, Munich, and Stuttgart. The initiative will greatly expand the current pan-European refuelling infrastructure, giving early users of fuel cell electric vehicle technology more options and comfort.

Iveco Group, a manufacturer of trucks and buses, and Hyundai have joined to supply hydrogen fuel-cell systems for buses throughout Europe. The latter team up with Hyundai Motor's HTWO to buy cells for buses that run on hydrogen. Earlier this year, Hyundai and Iveco signed a tentative agreement to investigate a relationship based on shared car technology, cooperative sourcing, and reciprocal supply.

To develop integrated hydrogen solutions, Air Liquide, CaetanoBus, and Toyota Motor Europe have signed a Memorandum of Understanding. To speed up the adoption of hydrogen mobility for both light- and heavy-duty vehicles, this will encompass infrastructure development and vehicle fleets.

The collaboration reflects the three parties' common goals of accelerating the growth of local hydrogen ecosystems for a variety of mobility applications and helping to decarbonize local transportation. Buses, light commercial vehicles, and cars will initially be the main focus, with an additional goal being to accelerate the heavy-duty truck category.

COMPANY PROFILE

• Ballard
• Daimler AG
• Hyundai Motor Company
• Volkswagen AG
• Audi AG
• Nikola Corporation
• BMW AG
• Toyota Motors
• Honda Motors Co. Ltd.
• Volvo AB
• MAN
• General Motors

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perEurope Fuel Cell Vehicle Marketright now and how will it change in next 5-6 years?
2. Average cost to set up aFuel Cell Vehicle MarketinEurope?
3. How manyEurope Fuel Cell Vehicle Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aEurope Fuel Cell Vehicle Marketand key vendor selection criteria
6. Where is theEurope Fuel Cell Vehicle Marketmanufactured? What is the average margin per equipment?
7. Market share ofEurope Fuel Cell Vehicle Marketmanufacturers and their upcoming products
8. The most important plannedEurope Fuel Cell Vehicle Marketin next 2 years
9. Details on network of majorEurope Fuel Cell Vehicle Marketand pricing plans
10. Cost advantage for OEMs who manufactureEurope Fuel Cell Vehicle Marketin-house
11. 5 key predictions for next 5 years inEurope Fuel Cell Vehicle Market
12. Average B-2-BEurope Fuel Cell Vehicle Marketprice in all segments
13. Latest trends inEurope Fuel Cell Vehicle Market, by every market segment
14. The market size (both volume and value) ofEurope Fuel Cell Vehicle Marketin 2022-2027 and every year in between?
15. Global production breakup ofEurope Fuel Cell Vehicle Market, by suppliers and their OEM relationship