Global Fuel Cell Vehicle Market Size and Forecast to 2030

The Global Fuel Cell Vehicle Market is expected to reach USD 38.57 Billion by 2030, at a CAGR of 44.9% during the forecast period 2022 to 2030.

A fuel cell car, sometimes known as a fuel cell electric vehicle, is a battery powered automobile that makes use of a fuel cell to drive its onboard electric engine, sometimes in conjunction with a compact battery or ultracapacitor. In general, fuel cells in automotive produce electricity by utilizing oxygen from the air with pressurized hydrogen. By the end of 2020, 31,225 passenger hydrogen-powered fuel cell electric vehicles are anticipated to be marketed worldwide.