A report by IDTechEx forecasts that the market value of on-road fuel cell vehicles will reach $160-billion by 2042, growing at a compound annual growth rate of 23.9% from 2022 to 2042. The electronics company believes that incorporating a fuel cell into an electric vehicle powertrain, generating electricity from hydrogen, offers a technology pathway that delivers the critical reduction in on-road exhaust emissions, while overcoming the potential range and charging limitations of battery electric vehicles (BEVs).
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