Nikola Corporation (NKLA)

[Bruno2]

4 April, 2024 : Future of Hydrogen in Automotive Market worth 353 thousand Units by 2035 - Exclusive Report by MarketsandMarkets

see https://www.prnewswire.com/news-releases/future-of-hydrogen-in-automotive-market-worth-353-thousand-units-by-2035---exclusive-report-by-marketsandmarkets-302108132.html

________________________________________________________________

"North America to be the fastest growing market for H-2 Pickups and HD Trucks during the forecast period."

North America is expected to witness significant growth in the market for fuel-cell electric vehicles, with the United States maintaining a dominant share of 94% within the region. Toyota emerged as the frontrunner in the North American market, commanding an 89% market share as of 2023, with projections suggesting its continued leadership, bolstered by the implementation of hydrogen subsidy initiatives. Although the setup of fixed H2 refuelling stations stalled in California in 2023, the US is strategizing the establishment of portable hydrogen refuelling stations beyond California. Models such as Toyota MIRAI and Hyundai NEXO dominate sales in the region, with an increasing focus on pickup trucks anticipated, as major OEMs plan to diversify into hydrogen fuel. North America emerges as a key region in fuel cell electric vehicle market with leading OEMs planning new launches in coming years. Further, Hyundai XCIENT, Van Hool A series, Nikola Motors Tre, and NFI Xcelsior are some of leading FC commercial vehicles presently available in the market. Moreover, Toyota Hyluz and Daimler H2 truck are expected to be launched by 2026.