According to a new report fromĀ 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:

Substantial market expansion predicted for hydrogen powered vehicles