Saturday, August 17, 2013

Growth for Fuel Cell Vehicles (FCVs)

Fuel cell vehicles will reach $73.8 billion in annual market value by 2030
Aug. 12, 2013 - While fuel cell vehicles (FCVs) have the potential to offer significant benefits – including lower emissions and reduced petroleum consumption – compared to today’s automobiles, they also face big challenges. Makers of FCVs are focused on reducing costs and establishing refueling infrastructure in order to prepare for commercial introductions of models in the 2015-2017 timeframe. According to a recent report from Navigant Research, worldwide revenue from FCVs will grow from $194 million in 2015 to $73.8 billion in 2030.

“The center of gravity in the development of FCVs has shifted from the United States to Western Europe,” says Lisa Jerram, senior research analyst with Navigant Research. “Germany, the United Kingdom, and the Nordic countries have less geography to cover than the United States, and are forging ahead on plans to deploy hydrogen fueling stations.” read more>>>

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