Global Electric Vehicles Fuel Cell Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Electric Vehicles Fuel Cell market size was valued at US$ 87.5 million in 2024 and is forecast to a readjusted size of USD 547 million by 2031 with a CAGR of 30.3% during review period.

Fuel Cell Electric Vehicles or Fuel Cell Vehicles is a type of vehicle which uses a fuel cell to power its on-board electric motor. Fuel cells in vehicles create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaust—they emit water vapor and warm air.

Global Electric Vehicles Fuel Cell key players include Honda, Toyota Mirai, Hyundai, etc. Global top three manufacturers hold a share about 30%.

Japan is the largest market, with a share over 30%, followed by USA, and Europe, both have a share about 50 percent.

In terms of product, Passenger Vehicles is the largest segment, with a share over 95%. And in terms of application, the largest application is For Sales, followed by For Public lease.

This report is a detailed and comprehensive analysis for global Electric Vehicles Fuel Cell market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Electric Vehicles Fuel Cell market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Electric Vehicles Fuel Cell market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Electric Vehicles Fuel Cell market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031

Global Electric Vehicles Fuel Cell market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Electric Vehicles Fuel Cell

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Electric Vehicles Fuel Cell market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Honda, Hyundai, Toyota Mirai, SAIC, Yutong, Foton, Daimler, Ford, Nissan, GM, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Electric Vehicles Fuel Cell market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Passenger Vehicles
Commercial Vehicles

Market segment by Application
For Public lease
For Sales

Major players covered
Honda
Hyundai
Toyota Mirai
SAIC
Yutong
Foton
Daimler
Ford
Nissan
GM
BMW
PSA
VW Group
Mitsubishi
Suzuki
Van Hool
Solaris
VDL Bus & Coach
Proterra

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Electric Vehicles Fuel Cell product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Electric Vehicles Fuel Cell, with price, sales quantity, revenue, and global market share of Electric Vehicles Fuel Cell from 2020 to 2025.

Chapter 3, the Electric Vehicles Fuel Cell competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Electric Vehicles Fuel Cell breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Electric Vehicles Fuel Cell market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Electric Vehicles Fuel Cell.

Chapter 14 and 15, to describe Electric Vehicles Fuel Cell sales channel, distributors, customers, research findings and conclusion.