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.
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
- What is the average cost per Europe Fuel Cell Vehicle Market right now and how will it change in next 5-6 years?
- Average cost to set up a Fuel Cell Vehicle Market in Europe?
- How many Europe Fuel Cell Vehicle Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of a Europe Fuel Cell Vehicle Market and key vendor selection criteria
- Where is the Europe Fuel Cell Vehicle Market manufactured? What is the average margin per equipment?
- Market share of Europe Fuel Cell Vehicle Market manufacturers and their upcoming products
- The most important planned Europe Fuel Cell Vehicle Market in next 2 years
- Details on network of major Europe Fuel Cell Vehicle Market and pricing plans
- Cost advantage for OEMs who manufacture Europe Fuel Cell Vehicle Market in-house
- 5 key predictions for next 5 years in Europe Fuel Cell Vehicle Market
- Average B-2-B Europe Fuel Cell Vehicle Market price in all segments
- Latest trends in Europe Fuel Cell Vehicle Market, by every market segment
- The market size (both volume and value) of Europe Fuel Cell Vehicle Market in 2022-2027 and every year in between?
- Global production breakup of Europe Fuel Cell Vehicle Market, by suppliers and their OEM relationship
