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Hydrogen vehicles: New product launches to shape the future

Author : Shreeras Shetty, Allied Market Research

06 April 2022

Hydrogen vehicles are gaining immense popularity across the globe, owing to the impeccable environmental benefits they provide. People are increasingly concerned about the adverse environmental impact due to the excess usage and emission from conventional vehicles.

Thus, electric vehicles, hydrogen vehicles and combination vehicles are gaining immense traction around the world due to their increased efficiency, affordable maintenance, minimum environmental impact, and advanced interface. Prominent automotive manufacturers have already entered the market – but not quite explosively. 

For instance, Toyota launched its car Toyota Mirai back in 2014 as one of the first cars in the world to run on hydrogen fuel cells. The remodelled and upgraded version of the vehicle is now increasingly popular across France, Germany, Denmark, the UK, Ireland, Belgium, and others.  Numerous initiatives are also taken by the government to increase both production and adoption of these vehicles among people for a sustainable living. Hydrogen vehicles are already available and functional in countries like Japan China, South Korea, and the United States of America. All these countries are further undergoing rigorous initiatives and investments to strengthen their long-term green initiative, and hence help reduce global carbon footprint. 

The power plants of innovative hybrid vehicles tend to convert chemical energy to mechanical energy by undergoing a REDOX (reduction/oxidation) reaction between oxygen and hydrogen in a particular fuel cell to run electric motors. The impressive use of hydrogen has mostly been explored in the development of rockets or other automobiles, but it envisions to have the grandest impact on automobiles in the future for sustainable living.

A significant surge in the development of proper infrastructure to produce hydrogen in large quantities is expected to increase the demand for hydrogen vehicles in the coming years. In addition, an increase in the development of aggressive hydrogen refuelling stations (HRS) is further expected to surge the demand for hydrogen vehicles across the globe. Furthermore, several incentives and initiatives taken by various governments to reduce global carbon emissions and attain green initiative by 2030 are expected to increase the demand for hydrogen cars in the upcoming years. 

Hence, incredible investments are undertaken by the governments to spread awareness of sustainable living. These factors are expected to drive the growth of the global hydrogen vehicle market in the forthcoming years. According to the report published by Allied Market Research, the global hydrogen vehicle market is expected to grow exponentially in the approaching modern era. The automobile industry is set to transform with the growing prevalence of hydrogen vehicles among people across the globe. Some of the remarkable trends that will shape the future are given below. 

The growing prevalence of green hydrogen and the incorporation of green initiatives by governments enticed the prominent players in the market to focus on the untapped area of the global automobile industry. Numerous players in the market across the globe have identified the potential of hydrogen-powered vehicles in the automobile industry, and hence devised innovative strategies to launch their distinctive offerings. For instance, Toyota Motor Corporation, a Japan-based multinational automotive manufacturer, launched Toyota Mirai FCEV (fuel cell electric vehicle) for the first time in India. 

This immaculate vehicle is the first all-hydrogen electric vehicle launched in India, and it is also a part of Toyota’s pilot project with the International Center for Automotive Technology (ICAT). This vehicle is also one of the world’s first hydrogen fuel cell electric vehicle. The car runs on sustainable hydrogen generated electricity. It is also contemplated as a true zero-emission vehicle, and hence is completely environmental-friendly, since the car emits nothing other than water from the tailpipe. Toyota claims the refuelling time of this vehicle to be about five minutes. It runs effectively on an impressive range of up to 646 kilometres on a full tank. The Toyota Mirai FCEV sedan comes out with one of the best zero-emission solutions as they are equipped with an electric motor and a high-pressure hydrogen fuel tank. 

The availability of hydrogen fuel cell powertrain completely eliminates the emission of gas which is not usually the case in internal combustion engines. But here, the hydrogen fuel cell powertrain just releases water from the tailpipe. The Indian Government is devising innovative strategies to decarbonize an extensive range of vehicles. Thus, the prevalence of hydrogen fuel cell-based transportation systems creates awareness about hydrogen and FCEV technology among the masses, and hence plays a major role in supporting the collective low carbon energy plans in the nation. 

The trend of launching innovative vehicles by prominent players in the market persists to make people’s lives easier than before and enhance their sustainable lifestyles. For instance, Hyundai, a South Korea-based multinational automotive manufacturer, launched its heavy-duty commercial truck called Hyundai Xcient Fuel Cell. This vehicle is set to transform the future of logistics without causing any environmental pollution. 

This vehicle promotes the zero-emission solution and provides long-distance driving and a short refuelling time. Xcient Fuel Cell charges within eight to 20 minutes, depending on the bar tank pressure and outer tank temperature. This ensures a seamless operation. It provides a suitable solution for long-distance operation, and hence has an impressive driving range of 400 kilometres per charge. Xcient Fuel Cell assures powerful performance on every road, owing to its technological prowess that is ideal for any climatic condition. It has essentially provided an environmental-friendly and energy-efficient solution for transportation. 

Get a detailed COVID-19 impact analysis on the hydrogen vehicle market here

About the author:

Shreeras Shetty is currently working in the content writing industry and has a Bachelor’s degree in management studies, specialising in marketing. He is passionate about writing and is gaining a significant experience in the Market Research Industry. Outside the office, Shreeras is actively engaged in recreational activities like playing football, trekking, travelling, and athletics.


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