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Title: Fuel Cell Vehicle Market Could Top $16 Billion By End Of Decade
Source:
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URL Source: http://goodcleantech.pcmag.com/auto ... end-of-decade#fbid=Y4Vuh22GPNs
Published: Oct 7, 2011
Author: Andrew Webster
Post Date: 2011-10-07 19:32:34 by jwpegler
Keywords: None
Views: 2776
Comments: 5
Fuel cell vehicles may not be as popular as plug-ins or electric vehicles, but new research suggests that the market will grow dramatically by the end of the decade. According to Pike Research, global revenue for fuel cell vehicles will reach $16.9 billion by 2020. The largest projected market for these vehicles is Asia Pacific, which is expected to account for nearly half of all FCV sales, though European demand is expected to grow dramatically as well. Pike predicts that Western Europe will have an annual growth rate of 53 percent. However, in spite of this growth, there are factors limiting just how popular FCVs could eventually be. "The limiting factor for the FCV market will be the availability of hydrogen infrastructure," Pike senior analyst Lisa Jerram said. "If current plans for station construction are delayed or abandoned, the rollout of FCVs will be similarly pushed back." Commercialization of FCVs is expected to begin in 2015, with sales focused on a few key areas where the infrastructure is already in place, such as California, Germant, Japan, South Korea, and Shanghai. A number of automotive manufacturers are already producing prototypes of fuel cell vehicles for the future, including Mercedes' F 125!, which features a range of 1,000 kilometers.
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#1. To: All (#0)
(Edited)
A couple of points: 1.) No one can predict the future, but I have been following fuel cell technology for 5 or 6 years and I am pretty convinced that it represents the future of energy for transportation, FOR ECONOMIC REASONS. Almost every single automobile manufacturer in the world agrees. 2.) The history of technological innovation demonstrates that people always over estimate the short term impacts of technology while grossly under estimating the long term impacts. Hydrogen is the most abundant molecule in the universe. We could never run out of it. There are two challenges: A.) how can we cost effectively extract hydrogen from water and B.) how can we build fuel cells cost effectively. Fuel cells are not a new technology. They have been around for more than 100 years. Over the last few years, the technology has made monumental strides. So much so that, Mercedes, GM, and several other companies are planning production, off the assembly line fuel cell vehicles by 2015. They may or may not meet that date. But in the long run, I am firmly convinced that this is the future of transportation. Our reliance on foreign oil has cost us $7 TRILLION over the last 30 years. Our costs are escalating. 30 years ago, we imported 28% of our oil. Today, it's 60%. Just image what would happen if we could keep that money here instead of transferring it to Arab Oil Sheikhs, Russian Mobsters, and Latin American Tyrants. Hydrogen fuel cells are the way that we will make this happen.
Typical Right Wing Ranter: Why isn't it done now? It's nothing more than left wing wienie sky is falling scare tactics. Drill baby drill!!! FAIL!!!
Stay Hungry...Stay Foolish --Steve Jobs
Reminds me of those 1960's era predictions we'd all have flying cars or jetpacks by now, and a huge city on the moon, with bases on Mars and Venus.
Proxy IP's are amusing.....lmao
I've never seem a flying car. Mercedes, Toyota, GM and several other companies have working fuel cell cars on the road right now. They are all planning production models in 2015. In the 19th century, we relied on whale oil. How about now? The internal combustion engine will be a distant memory in 50 years. Maybe sooner.
Maybe so. But until then, drill baby drill.
Proxy IP's are amusing.....lmao
Honest Socialism
#2. To: jwpegler (#1)
#3. To: jwpegler (#0)
#4. To: Badeye (#3)
Honest Socialism
#5. To: jwpegler (#4)
The internal combustion engine will be a distant memory in 50 years. Maybe sooner.
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