60 thousand Hydrogen Passenger Vehicles Sold in 2022
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Korea leads in deployments, followed by California and Japan
STERLING, Va., May 6, 2023 ─ Almost 60 thousand hydrogen fuel cell passenger vehicles were sold worldwide by the end of 2022, according to a study by Information Trends. At the same time, roughly two dozen automakers, both start-ups and established players, are in various stages of rolling out these vehicles.
The study, Global Market for Hydrogen Fuel Cell vehicles, 2023, says that more than 30 thousand fuel cell vehicles were sold in the past two years, reflecting a significant traction in the uptake of this market. The speed of deployments is accelerating, reflecting a positive future for the technology.
The only impediment to the adoption of these vehicles has been the lack of hydrogen stations, said Haani Kambrani, the author of the study. The sales of these vehicles are taking place rapidly in regions that have a well-deployed hydrogen fueling infrastructure.
More than half of the fuel cell vehicles sold so far have been in Korea because it has the densest hydrogen fueling infrastructure of any major market, Ms. Kambrani said. Other regions with strong sales of these vehicles are Japan and California where significant deployments of hydrogen stations have taken place.
According to the study, Hyundai’s Nexo has been a clear winner among fuel cell vehicles rolled out so far. Nexo’s only other competitor in the market has been Toyota’s Mirai. But as the market gains traction, other companies are jumping onto the bandwagon.
Honda is preparing to re-enter this market, beginning with the U.S. where it will launch a fuel cell vehicle in 2024 based on Honda CR-V. BMW will start mass-producing and selling fuel cell vehicles developed jointly with Toyota in 2025.
Other major companies that are in various stages of entering this space include Renault and Jaguar Land Rover.
Renault has unveiled a hydrogen fuel cell Scenic Vision that is “part of a longer-term vision, beyond 2030.” Jaguar Land Rover has developed a prototype hydrogen fuel cell vehicle but has not revealed its rollout plans.
The country with the most automakers making inroads into the fuel cell passenger vehicle market is China, although most of the rollouts in the country have been hardly more than technical demonstrations.
The study, Global Market for Hydrogen Fuel Cell vehicles, 2023, says that more than 30 thousand fuel cell vehicles were sold in the past two years, reflecting a significant traction in the uptake of this market. The speed of deployments is accelerating, reflecting a positive future for the technology.
The only impediment to the adoption of these vehicles has been the lack of hydrogen stations, said Haani Kambrani, the author of the study. The sales of these vehicles are taking place rapidly in regions that have a well-deployed hydrogen fueling infrastructure.
More than half of the fuel cell vehicles sold so far have been in Korea because it has the densest hydrogen fueling infrastructure of any major market, Ms. Kambrani said. Other regions with strong sales of these vehicles are Japan and California where significant deployments of hydrogen stations have taken place.
According to the study, Hyundai’s Nexo has been a clear winner among fuel cell vehicles rolled out so far. Nexo’s only other competitor in the market has been Toyota’s Mirai. But as the market gains traction, other companies are jumping onto the bandwagon.
Honda is preparing to re-enter this market, beginning with the U.S. where it will launch a fuel cell vehicle in 2024 based on Honda CR-V. BMW will start mass-producing and selling fuel cell vehicles developed jointly with Toyota in 2025.
Other major companies that are in various stages of entering this space include Renault and Jaguar Land Rover.
Renault has unveiled a hydrogen fuel cell Scenic Vision that is “part of a longer-term vision, beyond 2030.” Jaguar Land Rover has developed a prototype hydrogen fuel cell vehicle but has not revealed its rollout plans.
The country with the most automakers making inroads into the fuel cell passenger vehicle market is China, although most of the rollouts in the country have been hardly more than technical demonstrations.
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