THE SLOWLY GROWING FUEL CELL VEHICLE MRKT

Fuel Cell Vehicles; Light Duty Vehicles, Transit Buses, and Scooters: Global Market Analysis and Forecasts

2Q 2013 (Navigant Research)

“…The biggest challenge for automakers will be reaching sufficient volume to bring down system and balance of plant costs – which is leading several automakers, including Daimler, to form technology partnerships. The transit bus market also needs high volume to bring down costs. Europe continues to lead on fuel cell bus deployments, but annual orders are still well under 100, and the market needs to reach 1,000 orders annually to see major cost reductions. Finally, the global scooter market is in the millions, and fuel cells continue to be developed in an effort to capture some of that market. Navigant Research forecasts that worldwide sales of FCVs will reach the 1,000 mark in 2015 and then begin a period of strong growth, surpassing 2 million vehicles annually by 2030…” click here for more

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