Global Market for Hydrogen Fuel Cell Vehicles, 2020
Contents
1 Summary and Scope 14
1.1 Executive Summary 14
1.2 Scope of the Study 15
1.3 Abbreviations 16
2 Hydrogen FCVs 18
2.1 Hydrogen FCVs vs. BEVs 18
2.2 Classification of Hydrogen FCVs 19
2.3 Pros and Cons of Hydrogen FCVs 19
2.3.1 Pros of Hydrogen FCVs 19
2.3.2 Cons of Hydrogen FCVs 20
3 Factors Impacting Growth of FCVs 22
3.1 Regulatory Requirements 22
3.2 Availability of Hydrogen 22
3.3 Single Fueling Standard 23
3.4 Government Support 23
3.5 Hydrogen Station Costs and Availability 23
4 FCV Launches 25
4.1 Market Push 25
4.2 Vehicle Rollouts 26
4.3 Upcoming Launches 26
4.4 Delayed or Uncertain Launches 27
4.5 Automakers with Hydrogen FCV Expertise 27
4.6 Vehicles with Range Extenders 28
5 Sales/Leases 29
5.1 Global Sales/Leases 29
5.1.1 Global Sales/Leases by Region 29
5.1.2 Global Sales/Leases by Automaker 31
5.1.3 Global Sales/Leases by Model 33
5.2 APAC Sales/Leases 36
5.3 EMEA Sales/Leases 38
5.4 Americas Sales/Leases 40
6 APAC FCV Launches 42
6.1 Overview 42
6.2 Japan 42
6.3 South Korea 43
6.4 China 44
6.5 Australia 45
6.6 India 46
6.7 Taiwan 47
6.8 Other APAC Countries 47
7 EMEA FCV Launches 48
7.1 Overview 48
7.2 Nordic Region 49
7.2.1 Finland 49
7.2.2 Iceland 49
7.2.3 Denmark 50
7.2.4 Norway 50
7.2.5 Sweden 51
7.3 Germany 51
7.4 U.K. 52
7.5 France 52
7.6 Austria 53
7.7 United Arab Emirates 53
7.8 Rest of EMEA 54
8 Americas FCV Launches 55
8.1 U.S. Federal-Level Activity 55
8.1.1 Federal Government Involvement 55
8.1.2 Vehicle Rollouts in U.S. 55
8.2 U.S. State-Level Activity 56
8.2.1 California 56
8.2.2 Other States 57
8.3 Canada 57
8.4 CALA 58
8.4.1 Brazil 58
8.4.2 Other CALA Countries 59
9 Industry Collaboration 60
9.1 Overview 60
9.2 Global and Inter-Regional Initiatives 60
9.2.1 Hydrogen Council 60
9.2.2 IPHE 60
9.2.3 CEM’s International Hydrogen Initiative 61
9.2.4 Japan, EU and U.S. Cooperation 61
9.2.5 International Hydrogen and Fuel Cell Association 62
9.3 U.S. National Initiatives 62
9.3.1 National Hydrogen and Fuel Cell Day 62
9.3.2 Fuel Cell & Hydrogen Energy Association 63
9.3.3 H2USA 63
9.3.4 Clean Energy Group 64
9.3.5 Renewable Hydrogen Alliance 64
9.3.6 U.S. DoE and DoD 64
9.4 Western U.S. Initiatives 65
9.4.1 California Fuel Cell Partnership 65
9.4.2 California Hydrogen Business Council 65
9.4.3 UC’s National Fuel Cell Research Center 65
9.5 Eastern U.S. Initiatives 66
9.5.1 Connecticut Hydrogen-Fuel Cell Coalition 66
9.5.2 Massachusetts Hydrogen Coalition 66
9.5.3 NJ Fuel Cell Coalition 66
9.5.4 Ohio Fuel Cell Coalition (OFCC) 66
9.6 Canadian Initiatives 67
9.6.1 Canadian Hydrogen and Fuel Cell Association 67
9.6.2 Hydrogen Canada Strategic Research Network 67
9.7 EMEA Initiatives 67
9.7.1 European Hydrogen and Fuel Cell Association 67
9.7.2 EU’s Clean Fuels Strategy 68
9.7.3 Fuel Cells and Hydrogen Joint Undertaking 68
9.7.4 Hydrogen Mobility Europe 69
9.7.5 Germany Hydrogen and Fuel Cell Association 70
9.7.6 UK Hydrogen and Fuel Cell Association 70
9.7.7 Scottish Hydrogen and Fuel Cell Association 70
9.7.8 Scandinavian Hydrogen Highway Partnership 70
9.7.9 Hydrogen South Africa 71
9.8 APAC Initiatives 71
9.8.1 Hydrogen Energy Systems Society of Japan 71
9.8.2 Japan H2 Mobility LLC 72
9.8.3 Alliance for Hydrogen Convergence 72
9.8.4 Hydrogen Korea 72
9.8.5 Korea-Australia H2 Cooperation Working Group 72
9.8.6 China Hydrogen Alliance 73
9.8.7 Australian Association for Hydrogen Energy 73
9.8.8 Hydrogen Association of India 73
9.9 Automaker Partnerships 73
9.9.1 Toyota and BMW 73
9.9.2 Volkswagen and Ballard Power Systems 74
9.9.3 Honda and General Motors 74
10 Automaker Profiles 76
10.1 BMW 76
10.1.1 Introduction 76
10.1.2 Hydrogen FCV Rollouts 76
10.1.3 Key Partnerships 77
10.1.4 Strategic Direction 77
10.2 Daimler 78
10.2.1 Introduction 78
10.2.2 Hydrogen FCV Rollouts 78
10.2.3 Key Partnerships 80
10.2.4 Strategic Direction 81
10.3 Fiat Chrysler Automobiles N.V. 81
10.3.1 Introduction 81
10.3.2 Hydrogen FCV Rollouts 81
10.3.3 Key Partnerships 82
10.3.4 Strategic Direction 82
10.4 Ford 82
10.4.1 Introduction 82
10.4.2 Hydrogen FCV Rollouts 83
10.4.3 Key Partnerships 83
10.4.4 Strategic Direction 84
10.5 General Motors 84
10.5.1 Introduction 84
10.5.2 Hydrogen FCV Rollouts 84
10.5.3 Key Partnerships 86
10.5.4 Strategic Direction 86
10.6 Grove Hydrogen Automotive 86
10.6.1 Introduction 86
10.6.2 Hydrogen FCV Rollouts 87
10.6.3 Hydrogen FCV Pricing 87
10.6.4 Hydrogen FCV Sales/Leases 87
10.6.5 Key Partnerships 87
10.6.6 Strategic Direction 87
10.7 Honda 88
10.7.1 Introduction 88
10.7.2 Hydrogen FCV Rollouts 88
10.7.3 Hydrogen FCV Pricing 89
10.7.4 Hydrogen FCV Sales/Leases 89
10.7.5 Key Partnerships 90
10.7.6 Strategic Direction 90
10.8 Hyundai 92
10.8.1 Introduction 92
10.8.2 Hydrogen FCV Rollouts 92
10.8.3 Hydrogen FCV Pricing 94
10.8.4 Hydrogen FCV Sales/Leases 94
10.8.5 Key Partnerships 95
10.8.6 Strategic Direction 97
10.9 Kia 98
10.9.1 Introduction 98
10.9.2 Hydrogen FCV Rollouts 98
10.9.3 Key Partnerships 99
10.9.4 Strategic Direction 99
10.10 Mahindra & Mahindra 100
10.10.1 Introduction 100
10.10.2 Hydrogen FCV Rollouts 100
10.10.3 Key Partnerships 101
10.10.4 Strategic Direction 101
10.11 Mazda 101
10.11.1 Introduction 101
10.11.2 Hydrogen FCV Rollouts 102
10.11.3 Key Partnerships 102
10.11.4 Strategic Direction 102
10.12 Mitsubishi Motors 103
10.12.1 Introduction 103
10.12.2 Hydrogen FCV Rollouts 103
10.12.3 Key Partnerships 103
10.12.4 Strategic Direction 104
10.13 Nissan 104
10.13.1 Introduction 104
10.13.2 Hydrogen FCV Rollouts 104
10.13.3 Key Partnerships 105
10.13.4 Strategic Direction 106
10.14 Pininfarina S.p.A. 106
10.14.1 Introduction 106
10.14.2 Hydrogen FCV Rollouts 106
10.14.3 Key Partnerships 107
10.14.4 Strategic Direction 107
10.15 PSA Group 107
10.15.1 Introduction 107
10.15.2 Hydrogen FCV Rollouts 107
10.15.3 Key Partnerships 108
10.15.4 Strategic Direction 108
10.16 Renault 109
10.16.1 Introduction 109
10.16.2 Hydrogen FCV Rollouts 109
10.16.3 Hydrogen FCV Sales/Leases 110
10.16.4 Hydrogen FCV Pricing 110
10.16.5 Key Partnerships 110
10.16.6 Strategic Direction 111
10.17 Riversimple Movement Ltd. 111
10.17.1 Introduction 111
10.17.2 Hydrogen FCV Rollouts 111
10.17.3 Key Partnerships 112
10.17.4 Strategic Direction 112
10.18 Ronn Motor Group 113
10.18.1 Introduction 113
10.18.2 Hydrogen FCV Rollouts 113
10.18.3 Key Partnerships 113
10.18.4 Strategic Direction 114
10.19 SAIC Motor 114
10.19.1 Introduction 114
10.19.2 Hydrogen FCV Rollouts 114
10.19.3 Hydrogen FCV Sales/Leases 115
10.19.4 Hydrogen FCV Pricing 115
10.19.5 Key Partnerships 115
10.19.6 Strategic Direction 115
10.20 Suzuki Motors 115
10.20.1 Introduction 115
10.20.2 Hydrogen FCV Rollouts 116
10.20.3 Key Partnerships 116
10.20.4 Strategic Direction 117
10.21 Symbio 117
10.21.1 Introduction 117
10.21.2 Hydrogen FCV Rollouts 117
10.21.3 Hydrogen FCV Sales 118
10.21.4 Hydrogen FCV Pricing 118
10.21.5 Key Partnerships 118
10.21.6 Strategic Direction 119
10.22 Tata Motors 119
10.22.1 Introduction 119
10.22.2 Hydrogen FCV Rollouts 119
10.22.3 Key Partnerships 120
10.22.4 Strategic Direction 120
10.23 Toyota 120
10.23.1 Introduction 120
10.23.2 Hydrogen FCV Rollouts 120
10.23.3 Hydrogen FCV Sales/Leases 123
10.23.4 Hydrogen FCV Pricing 123
10.23.5 Key Partnerships 123
10.23.6 Strategic Direction 125
10.24 Volkswagen 126
10.24.1 Introduction 126
10.24.2 Hydrogen FCV Rollouts 126
10.24.3 Key Partnerships 128
10.24.4 Strategic Direction 128
11 FCVs Sales/Revenue Forecast 129
11.1 Unit Sales/Leases Forecast 129
11.1.1 Overview 129
11.1.2 Cumulative Global Unit Sales/Leases 129
11.1.3 2019 Global Unit Sales/Leases 130
11.1.4 APAC Unit Sales/Leases 133
11.1.5 EMEA Unit Sales/Leases 135
11.1.6 Americas Unit Sales/Leases 138
11.2 Revenue Forecast 140
11.2.1 Overview 140
11.2.2 Global Revenue Forecast 140
11.2.3 APAC Revenue Forecast 143
11.2.4 EMEA Revenue Forecast 145
11.2.5 Americas Revenue Forecast 147
12 Conclusions 150
12.1 Market Launches 150
12.2 Hydrogen FCVs and BEVs 151
12.3 Role of Governments 152
12.4 FCVs Ecosystem 153
12.5 Next Steps 154
Tables
Table 1: Global FCV Sales/Leases by Major Region, 2014-2019 29
Table 2: Global FCV Sales/Leases by Automaker, 2014-2019 31
Table 3: Global FCV Sales/Leases by Model, 2014-2019 34
Table 4: APAC FCV Sales/Leases by Model, 2014-2019 36
Table 5: EMEA FCV Sales/Leases by Model, 2014-2019 38
Table 6: Americas FCV Sales/Leases by Model, 2014-2019 40
Table 7: Honda Clarity Fuel Cell Sales/Leases, 2014-2019 90
Table 8: Hyundai’s Combined FCV Sales/Leases, 2014-2019 95
Table 9: Hyundai Nexo Sales/Leases, 2014-2019 95
Table 10: Hyundai Tucson ix35 FCEV Sales/Leases, 2014-2019 96
Table 11: Toyota Mirai Sales/Leases, 2014-2019 123
Table 12: Global FCV Sales/Leases by Major Region, 2014-2032 130
Table 13: Global FCV Sales/Leases by Major Region, 2019-2025 132
Table 14: Global FCV Sales/Leases by Major Region, 2026-2032 132
Table 15: APAC FCV Sales/Leases by Region/Country, 2019-2025 135
Table 16: APAC FCV Sales/Leases by Region/Country, 2026-2032 135
Table 17: EMEA FCV Sales/Leases by Region/Country, 2019-2025 137
Table 18: EMEA FCV Sales/Leases by Region/Country, 2026-2032 138
Table 19: Americas FCV Sales/Leases by Region/Country, 2019-2025 140
Table 20: Americas FCV Sales/Leases by Region/Country, 2026-2032 140
Table 21: Global FCV Revenue by Major Region, 2019-2025 142
Table 22: Global FCV Revenue by Major Region, 2026-2032 143
Table 23: APAC FCV Revenue by Region/Country, 2019-2025 144
Table 24: APAC FCV Revenue by Region/Country, 2026-2032 145
Table 25: EMEA FCV Revenue by Region/Country, 2025-2026 146
Table 26: EMEA FCV Revenue by Region/Country, 2026-2032 147
Table 27: Americas FCV Revenue by Region/Country, 2019-2025 148
Table 28: Americas FCV Revenue by Region/Country, 2026-2032 149
Figures
Figure 1: Global FCV Sales/Leases Share by Major Region, 2014-2019 30
Figure 2: Global FCV Sales/Leases Share by Major Region, 2019 31
Figure 3: Global FCV Sales/Leases Share by Automaker, 2014-2019 32
Figure 4: Global FCV Sales/Leases Share by Automaker, 2019 33
Figure 5: Global FCV Sales/Leases Share by Model, 2014-2019 35
Figure 6: Global FCV Sales/Leases Share by Model, 2019 35
Figure 7: APAC FCV Sales/Leases Share by Model, 2014-2019 37
Figure 8: APAC FCV Sales/Leases Share by Model, 2019 37
Figure 9: EMEA FCV Sales/Leases Share by Model, 2014-2019 39
Figure 10: EMEA FCV Sales/Leases Share by Model, 2019 39
Figure 11: Americas FCV Sales/Leases Share by Model, 2014-2019 41
Figure 12: Americas FCVs Sales/Leases Share by Model, 2019 41
Figure 13: Honda Clarity FC Sales/Leases Share by Region, 2014-2019 91
Figure 14: Honda Clarity FC Sales/Leases Share by Region, 2019 91
Figure 15: Hyundai FCV Sales/Leases Share by Region, 2014-2019 96
Figure 16: Hyundai FCV Sales/Leases Share by Region, 2019 97
Figure 17: Toyota Mirai Sales/Leases Share by Region, 2014-2019 124
Figure 18: Toyota Mirai Sales/Leases Share by Region, 2019 125
Figure 19: Global FCV Unit Sales/Leases, 2019-2032 131
Figure 20: CAGR of FCVs Globally, 2019-2032 132
Figure 21: APAC FCV Unit Sales/Leases, 2019-2032 133
Figure 22: CAGR of FCVs in APAC, 2019-2032 134
Figure 23: EMEA FCV Unit Sales/Leases, 2019-2032 136
Figure 24: CAGR of FCVs in APAC, 2019-2032 137
Figure 25: Americas FCV Unit Sales/Leases, 2019-2032 138
Figure 26: CAGR of FCVs in Americas, 2019-2032 139
Figure 27: Global FCV Sales/Leases Revenue, 2019-2032 141
Figure 28: CAGR of FCV Sales Revenue Globally, 2019-2032 142
Figure 29: APAC FCV Sales/Leases Revenue, 2019-2032 143
Figure 30: CAGR of FCV Sales Revenue in APAC, 2019-2032 144
Figure 31: EMEA FCV Sales/Leases Revenue, 2019-2032 145
Figure 32: CAGR of FCV Sales Revenue in EMEA, 2019-2032 146
Figure 33: Americas FCV Sales/Leases Revenue, 2019-2032 147
Figure 34: CAGR of FCV Sales Revenue in Americas, 2019-2032 148
Executive Summary
Press Release
Table of Contents
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