Monday 28 June 2010

Study: 670,000 Fuel Cell Vehicles to be Sold Annually Within 10 Years

The United States will lead the way
Pike Research, a market research and consulting firm that focuses on global clean technology markets, conducted a study that predicts 670,000 fuel cell vehicles (FCVs) will sell annually by 2020.
Some auto companies are still focusing their development on electric vehicles (EVs), and as many other surveys indicate, the growth of electric vehicles are expected to surpassfuel cell vehicles. However, Pike Research's study goes against the grain saying otherwise. According to the study, the U.S. will account for 134,049 annual FCV sales of the total 670,000, putting them in the lead for fuel cell vehicle sales. China will be in second place with 129,241 FCV sales and Germany will be in third place with 126,783 total annual sales.
Some believe these are "overly optimistic" results and that Pike Research is assuming that the appropriate refueling infrastructures will be available by 2020. According to fuel cell industry analyst Dave Hurst, "The entire growth of the fuel cell vehicle market balances on two key elements: the growth of hydrogen gas refueling stations and improvements in the cells themselves."
While improvements of fuel cells is in the works, the possible growth of hydrogen gas refueling stations is here. Currently, there is only one personal, zero-emission refueling station for FCV's that runs on sunshine and tap water. It's called a residential hydrogen refueler, and the only one that exists is hidden on the Torrance campus of Honda R&D.

Read this news @ http://www.evhub.in/news/130#130

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