Hydrogen Vehicle Market is developing rapidly with Volvo and Daimler launching a joint venture to develop hydrogen-based fuel cell technology to power heavy goods vehicles
There were many claims that the Hydrogen Vehicle will revolutionize transportation. Hydrogen-fueled cars will be able to reduce emissions that donate to global warming. Furthermore, you will find plans to build Hydrogen fueled buses and even trains. Hydrogen may also power vehicles and even tailpipe emissions. Hydrogen is believed to possess similar attributes to fossil fuels like gasoline and diesel. Regardless of these factors, you will find certain aspects that could potentially limit the development of the market. As an example, high costs related to raw materials such as platinum in the fuel cell anode and carbon fiber to create hydrogen fuel tanks, which impedes growth of the Hydrogen Vehicle Market in the near future. Over the years, governments of many countries have started purchasing the development of hydrogen fuel cell infrastructure. Recently, in May 2021, the Government of Germany announced to launch of 62 large-scale hydrogen projects within a joint European hydrogen p...