The Prospector News

Fuel Cell Vehicles Will Reach $73.8 Billion in Annual Market Value by 2030, Forecasts Navigant Research

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Fuel Cell Vehicles Will Reach $73.8 Billion in Annual Market Value by 2030, Forecasts Navigant Research






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.”




Fundamentally, the FCV market is dependent on the development of infrastructure, which will determine the timing and volume of automaker FCV rollouts.  This challenge could forestall commercial deployment, according to the report.  Given the length of time it takes to build a station – 18 months to 3 years – it seems likely that that there will be sparse fueling station coverage in the 2015-2017 timeframe, which will lead automakers to take a slow approach to their commercial vehicle rollouts.




The report, “Fuel Cell Vehicles”, outlines in detail the state of policies and programs that will support FCV deployment and the commercialization plans of the major industry players.  The report examines the state of technology in reaching application cost targets for cars, buses and scooters, and profiles innovative startups that could disrupt the market.  The report also details conditions in three major emerging bus markets (Brazil, China, and India) and provides a long-term forecast for fuel cell light-duty vehicles, buses and scooters, segmented by region, through 2030.  An Executive Summary of the report is available for free download on the Navigant Research website.




Posted August 12, 2013

Share this news article


Agnico Eagle and Kirkland Lake Gold Announce Merger of Equals to Create Highest-Quality Senior Gold Producer

Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) and Kirkland L... READ MORE

September 28, 2021

Sokoman Expands 75 Zone and Releases Additional Results from Eastern Trend, Moosehead Gold Project, Central Newfoundland

New Structure Intersected 300 m East of Eastern Trend;  Barge-Ba... READ MORE

September 28, 2021

Benchmark Warrants Fully Exercised As 100,000 Metre Drill Program Will Lead to Resource Expansion and Preliminary Economic Assessment

Benchmark Metals Inc. (TSX-V: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) ... READ MORE

September 28, 2021

Pure Gold Mining Inc. Closes Bought Deal Offering for Gross Proceeds of C$23 Million

Pure Gold Mining Inc. (TSX-V:PGM) (LSE:PUR) is pleased to announc... READ MORE

September 28, 2021

FenixOro Drills 23.2 g/t Gold in Newly Discovered Cascada Vein, Significantly Increases Resource Potential on Northwest Corridor at Abriaqui Gold Deposit

FenixOro Gold Corp (CSE:FENX) (OTCQB:FDVXF) (Frankfurt:8FD) is p... READ MORE

September 28, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News