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According to the 2018 Global Hydrogen Fuel Cell Vehicle Market report released by Information Trends, the cumulative sales of global hydrogen fuel cell vehicles reached 6,475 units from 2013 to 2017. Particularly, more than 50% of hydrogen fuel cell vehicles were sold in California, and Japan market accounted for majority of the remaining sales. Among specific automakers, Toyota is the most successful player, the sales of which accounted for more than 75% of the total sales of hydrogen fuel cell vehicles worldwide. By 2021, 11 automakers including Toyota, Lexus, Hyundai, Kia, Honda, Mercedes-Benz and BMW would actively develop and launch hydrogen fuel cell models, which is likely to cause negative impact on the pure electric vehicle market.
According to the data released by the Qianzhan Industry Research Institute, the global sales of passenger cars were close to 71 million units in 2017 and the global sales of FCV (fuel cell vehicles) were 3,260 vehicles. The penetration rate of hydrogen energy vehicles was only 0.0046%. In addition, by the end of 2017, there were 328 hydrogen stations in the world, mainly spread over Europe, America, Japan and South Korea, while there were only 9 stations in China. Overall, the commercialization of hydrogen energy vehicles is still in the early stage with large potential to develop.
According to the prediction of Information trends, the fuel cell vehicles would become the fastest-growing market segment in the global automotive market by 2030. It is estimated that by 2032, the sales of global fuel cell vehicle will reach 5 million units, with the sales exceeding $250 billion.
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Battery technology has evolved along ways in the past decade, allowing for up to 300+ mile driving range on a single charge.
Hydrogen fuel-cell vehicles are very similar to fossil fuel vehicles, in that they can go as far as their MPG and fuel tank size. On average 350+ on a single tank of Hydrogen.
Combining these two zero-emission technologies into one, RMG’s all Electric-Hydrogen fuel-cell vehicles will achieve an estimated 600+ mile driving range on a single charge & full tank. This allows for less stress and more freedom to do what you do.
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