IDTechEx Research has assessed the market potential of electric vehicles (EV) in a new report, Fuel Cell Vehicles 2019-2029.
The 530-page technical report has analysed nine different electric vehicle (EV) categories on land, sea and air. It contains information on the main research and development efforts being carried out worldwide, challenges and unexplored market opportunities.
The report finds that fuel cells can be a complementary technology in all those EV applications where batteries are too costly, too slow or just not the right fit in what will be a multi-billion dollar market by 2029.
Fuel cells are commercially successful in stationary applications but commercially unsuccessful in vehicles, beyond a few thousand purchased for material handling vehicles, notably forklifts.
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