A recent report by Navigant Research predicts that the market for natural gas trucks and buses will see an annual growth of 12.6 percent and 6.4 percent, respectively, by the year 2022.
Fundamentally, the FCV market is dependent on the development of infrastructure, which will determine the timing and volume of automaker FCV rollouts.
Hydrogen fuel cell vehicles predicted to increase by two million annually by 2030.
A total of 21.9 million electric vehicles (EVs) will be sold worldwide during the period from 2012 to 2020, according to a recent report from Navigant Research.
According to a new tracker report from Navigant Research, there are currently 48,705 public charging stations around the world, spread among those operated by manufacturers, utilities, and third-party service providers.
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