According to a new report from Lux Research, the hydrogen-powered vehicle market will experience a compound annual growth rate of 22% from now to 2030. By the end of 2030, this sector will account for a $1.8 billion market and will not solely cater to consumers of passenger vehicles such as sedans and SUVs. Lux Research predicts that the growing popularity surrounding hydrogen-powered materials handling vehicles and public transportation will help support the exponential growth of the hydrogen-powered vehicles market. (Source: http://www.hydrogenfuelnews.com/hydrogen-powered-vehicles-to-be-a-1-8-billion-market-in-2030/858208/)

Substantial market expansion predicted for hydrogen powered vehicles