VDMA study analyzes fuel cell vehicle market
Starting in 2030, fuel cells will be making significant inroads in the passenger car, commercial vehicle and heavy equipment markets. Their importance, as well as the required hydrogen infrastructure, will grow steadily in the coming years, mainly thanks to heavy-duty applications. By 2040, the technology will power 12 percent of all vehicles sold in those markets, creating 68,000 new jobs in Europe in the process. These are the key takeaways from “Engine of change – Fuel cells’ impact on the machinery and industrial equipment industry and its suppliers,” a study conducted by FEV Consulting for Germany’s national engineering federation VDMA. Unlike battery-electric motors, fuel cells have quite a lot in common with internal combustion engines when it comes to production and supply chains, a boon to traditional automakers and machinery manufacturers.