Battery Electric vehicle technologies are being actively adopted and implemented in many regions throughout the world, as countries are aggressively moving forward in hopes of reaching their climate and carbon-neutrality goals. Amidst constraints posed by the technology, apart from some manufacturers within Europe and North America, the majority of major players within the New Energy Vehicle segment are placing their money on Battery Electric vehicles, hoping that with advancements in battery technologies and capacities, issues such as range anxiety may eventually be solved.
However, within East Asia, countries are adopting a different approach towards reaching climate goals altogether. Their solution: Fuel Cell technology. Currently, three countries encapsulate over 90% of the global fuel cell electric vehicle market: Korea, Japan, and China, with over 14,000 Fuel cell vehicle sales recorded in the year 2021 (75% of global sales). The adoption trajectories, however, greatly differ if looked at from a vehicular lens.

Commercial & Off-Highway Vehicle Service Overview
The research presented in this article is from PTR's Commercial and Off-Highway Vehicle service. For information about this service please submit a request shown below.
Contact Sales:
Europe
+49-89-12250950
Americas
+1 408-604-0522
Japan
+81-80-7808-1378
GCC/Rest of APAC
+971-58-1602441
More about our:
Commercial & Off-Highway Vehicle Market Analysis
Recent Insights
COP28: Climate Concerns to Address in 2023
From flash flooding to heat waves, each progressing year is a reminder that climate change is no longer a threat that looms on the horizon, but...
COP28’s Global Stocktake: A Pivotal Undertaking?
The global stocktake, a quinquennial undertaking, functions as a meticulous inventory of worldwide initiatives in climate action and support, with...
COP28: Balancing Hope and Skepticism in Climate Talks
The Conference of the Parties (COP) is the primary decision-making body of the United Nations Framework Convention on Climate Change (UNFCCC). This...