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Though the uptake of battery electrical autos (BEVs) has accelerated worldwide in recent times, the proliferation of hydrogen-powered autos won’t be far behind. Valued at US$46bn in 2023, market researcher Truth.MR forecasts that world demand will push this as much as US$675bn by 2033—CAGR 30.8%. The US market is anticipated to develop at an equal price (30.5%) throughout the identical time interval.
“The way forward for hydrogen-fuelled mobility within the US has by no means been brighter,” asserts Peter Meeks, Chief Government of industrial quality hydrogen gas cell electrical automobile (FCEV) producer Hyzon Motors. “Whereas Europe, Australia, and New Zealand could have skilled a head begin by way of hydrogen coverage, infrastructure, and total adoption, the US is catching up and we count on speedy development within the coming years.”
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