Hydrogen Fuel Cell Vehicle Market Size

Hydrogen Fuel Cell Vehicle Market size was over USD 2.12 billion in 2024 and is expected to cross USD 269.01 billion by the end of 2037, growing at more than 46.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydrogen fuel cell vehicle is estimated at USD 2.9 billion.. There is a growing awareness about climate change and air pollution, which has led to an increased emphasis, on transportation options. Hydrogen fuel cell vehicles are appealing to conscious consumers and governments as they only emit water vapor thereby helping to reduce greenhouse gas emissions.

Hydrogen powered vehicles present an option compared to conventional cars with internal combustion engines or electric vehicles using lithium ion batteries. Experts in energy and policymakers see hydrogen as a means to broaden the energy sources and decrease reliance on fuels.