Fuel Cell Electric Vehicle Technology Fundamentals – AltEnergyMag

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The fuel cell electric vehicle global industry size accounted for USD 4.98 billion in 2021 and is projected to reach around USD 35.60 billion by 2030.
An awareness related to the benefits of good air quality and the bad effects of regular emissions is driving the market.

The fuel cell electric vehicle global industry size accounted for USD 4.98 billion in 2021 and is projected to reach around USD 35.60 billion by 2030, at a CAGR of 53.4% from 2022 to 2030.


As an awareness related to the benefits of good air quality and the bad effects of regular emissions is driving the market. Governments are taking initiatives to invest and enhance the infrastructure for the electric vehicles it further helps in expanding the market. Various technological advancements and increased number of refueling facilities are helping the market grow. Rapid industrialization and expansion of the production facilities is fostering the acceptance of fuel cell electric vehicles in Asia Pacific region.
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