Global Electric Vehicles Fuel Cell Market Growth 2025-2031

Global Electric Vehicles Fuel Cell Market Growth 2025-2031

The global Electric Vehicles Fuel Cell market size is predicted to grow from US$ 106 million in 2025 to US$ 567 million in 2031; it is expected to grow at a CAGR of 32.2% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Electric Vehicles Fuel Cell Industry Forecast” looks at past sales and reviews total world Electric Vehicles Fuel Cell sales in 2024, providing a comprehensive analysis by region and market sector of projected Electric Vehicles Fuel Cell sales for 2025 through 2031. With Electric Vehicles Fuel Cell sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Vehicles Fuel Cell industry.

This Insight Report provides a comprehensive analysis of the global Electric Vehicles Fuel Cell landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electric Vehicles Fuel Cell portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Vehicles Fuel Cell market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Vehicles Fuel Cell and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Vehicles Fuel Cell.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Vehicles Fuel Cell market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Passenger Vehicles
Commercial Vehicles

Segmentation by Application:
For Public lease
For Sales

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Honda
Hyundai
Toyota Mirai
SAIC
Yutong
Foton
Daimler
Ford
Nissan
GM
BMW
PSA
VW Group
Mitsubishi
Suzuki
Van Hool
Solaris
VDL Bus & Coach
Proterra

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electric Vehicles Fuel Cell market?

What factors are driving Electric Vehicles Fuel Cell market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electric Vehicles Fuel Cell market opportunities vary by end market size?

How does Electric Vehicles Fuel Cell break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.