THE WORLD FUEL CELL VEHICLE MARKET

Fuel Cell Vehicles; Passenger Vehicles, Medium and Heavy Duty Trucks, Transit Buses, Hydrogen ICEs, and Fueling
2Q 2011 (Pike Research)

"Fuel cell vehicles (FCVs) are part of the continuum of electric drive technologies, which are projected to capture an increasingly large share of the global passenger car and transit bus markets. For the passenger car market, fuel cells offer the benefits of zero emissions operation without the range and charging limitations of pure battery electric vehicles (BEVs)…[The] market is now in the ramp-up phase to commercialization, anticipated by automakers to happen around 2015..."

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...The primary barriers for this market are cost and infrastructure deployment. Early adoption is likely to be focused in Japan, Germany, and California, where there is significant infrastructure investment planned...Transit buses have been used as a test bed for fuel cell technology and lag somewhat behind cars...Transit fuel cell buses offer zero emissions and low noise operation, as well as greater fuel efficiency…Projections are for commercially viable transit buses to follow that of LDVs, with this market more dependent on subsidies or incentives for adoption than the car market…[The] Pike Research report analyzes opportunities and challenges in the development of commercially viable fuel cell cars, buses, and trucks…"