10 Feb '18, 7am

Fuel Cell Electric Vehicle Market is anticipated to cross 300 thousand units by 2024

Global fuel cell electric vehicle market share is projected to surpass 300 thousand units by 2024. Increasing research activities will pave the way for emerging technology and simultaneously reduce the product cost. Continuous technological developments along with OEMs investing in increasing production level to achieve economies of scale will result in price drop. Continuously increasing demand for advanced automobiles will boost the fuel cell electric vehicle market size over the projected timespan. Fuel Cell Electric Vehicle Market size is anticipated to surpass USD 9 billion by 2024; according to a new research report by Global Market Insights, Inc. Several government initiatives are supporting transition of conventional automobiles to zero emission automobiles. Government funding is speeding up R&D and number of hydrogen refueling stations. Government incentives can e...

Full article: https://electriccarsreport.com/2018/02/fuel-cell-electric...

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