Rising Tide of Electric and Hydrogen Fuel Cell Vehicles – Altering Market Dynamics in Automotive Industry Landscape and Market Trends
The automotive industry is undergoing significant changes, primarily due to the rising popularity of electric vehicles (EVs) and hydrogen fuel cell vehicles (FCVs). The proportion of electric cars in total sales has more than tripled in just three years, increasing from approximately 4% in 2020 to 14% in 2022. Moreover, the stock of fuel cell electric vehicles surged by 40% in 2022 compared to the previous year 2021. These vehicles hold the potential to transform transportation by offering eco-friendly Read more [...]