According to a new report from Pike Research, the fuel cell vehicle market is set to expand rapidly around 2015, and that commercial sales will top one million by 2020.
The information firm notes that GM, Daimler, Toyota, Hyundai, and Honda all have fuel cell cars that will become an increasingly important sector of the automakers’ green models, and that Germany, Japan, and California are the most likely areas where the vehicles will be adopted.
Pike Research believes passenger cars will be the biggest driver of fuel cell technology production, but that buses and smaller vehicles are also viable markets. However, analysts predict that buses and light-duty products will be more dependent on subsidies in order to be as competitive as the personal vehicle sector.
The biggest advantage for fuel cells is the range they can offer. Currently, models are limited, expensive, and lack adequate infrastructure to be rolled out on a wide scale. Still, Pike Research says automakers are looking for ways to offer costumers zero-emission vehicles with a range over 300 miles.