27 Jul 2016

GLOBAL SALES OF FUEL CELL CARS AND BUSES TO TOTAL MORE THAN 580,000

A recent report from Navigant Research analyzes the market for fuel cell passenger cars and buses, including its drivers and barriers, with global sales forecasts, through 2024.
Today’s fuel cell vehicles (FCVs) can be refilled in three to five minutes and can reach ranges of 300 miles or more between refills. Fuel cell stack efficiencies have also incrementally increased over time, and several automakers are developing vehicles that will be able to achieve ranges of more than 400 miles between refills. Click to tweet: According to a recent report from @NavigantRSRCH, global sales of fuel cell cars and buses are expected to total more than 580,000 from 2015 to 2024.

As FCV sales increase in coming years, there will be a need for more vehicle charging stations across a larger geography, according to the report. The most commercially viable locations remain in dense city centers, where as many owners as possible may access them without significant inconvenience.

The report, Fuel Cell Vehicles, assesses the state of global fuel cell passenger car and bus development and progress made in addressing the main barriers to successful commercialization. The study discusses the top government initiatives to support this goal and the key infrastructure and cost issues related to FCVs. Global sales forecasts of  FCVs, segmented by region (North America, Europe, Asia Pacific, and Rest of World), extend through 2024. The report also examines the prospects for fuel cell cars and buses to reach widespread commercial deployment and compete against other technologies and profiles a few of the key players in the FCV market. An Executive Summary of the report is available for free download on the Navigant Research website.



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