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Fuel Cell Electric Vehicles Market 2019 in-Depth Analysis, Growth Dynamics, Emerging Trends Factors and Forecast to 2025
Fuel Cell Electric Vehicles Market
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Long distance-based fuel cell electric vehicles market to accrue massive returns by 2025, proliferating zero-emission automobile manufacturing trend to augment the global industry landscape. Moreover, owing to a marked increase in consumer preference for fuel cell-powered vehicles over battery-powered ones, the sales graph of the leading fuel cell electric vehicles industry giants has benefited immensely.
1. Daimler Chrysler
2. Ford Motor Company
3. General Motors
4. American Honda Motor Company, Inc.
5. Hyundai Motor India Ltd.
6. Mercedes-Benz USA
7. Nissan Motor Corporation
8. Suzuki Motor of America, Inc.
9. Tata Motors
10. Toyota Motor Corporation
11. Volkswagen of America, Inc
The rising preference for these vehicles can be attributed to the fact that the primary advantage of fuel cell-powered vehicles is that they can be charged in less time than the vehicles running on batteries. Add to it, fuel cell electric vehicles are known to cover longer distance after a single charge, possess better torque, enhanced field configuration, and greater off-road mobility than the battery-powered ones.
Elaborating further, many acclaimed automakers including General Motors, Toyota, Volkswagen, etc., have declared aggressive investment plans to manufacture more zero-emission automobiles which would propel the fuel cell electric vehicles market share in the ensuing years. For instance, touted as one of the most preeminent FCEV industry players, Ford Motor Company has recently made it public that it would accentuate its investment to manufacture fuel cell-powered cars by over two times. The latest announcement would reportedly take the total investment figure to an astounding USD 11 billion over the next few years.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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