Filed under: EV/Plug-in, Hydrogen
According to a report from Pike Research, cumulative sales of fuel cell vehicles (FCVs) will surpass the million-unit milestone by 2020, with total sales hitting 1.2 million by the end of that year. Pike indicates that, between 2010 to 2014, approximately 10,000 FCVs will hit the streets. Following that, the research firm claims that 57,000 FCVs will be sold in 2015, with sales soaring to 390,000 vehicles annually by 2020.
In its report, Pike points out that some individuals may be surprised by the fact that fuel cell use in passenger cars is still being pursued by numerous automakers, stating:
Pike Research senior analyst, Lisa Jerram, says that:Fuel cell vehicles are facing serious competition in the "zero emissions vehicle" space from pure battery electric vehicles (BEVs). BEVs have made a comeback after experiencing their own "trough of disappointment" in the late 1990s. Ironically, this state of affairs led to the initial enthusiasm over fuel cells. When the BEV market failed to take off in the late 1990s, regulators and automakers shifted their attention to fuel cells.
For passenger vehicles, fuel cells offer the benefits of zero emissions operation without the range limitations of battery-only vehicles, according to Pike. Those advantages, Pike says, have driven an estimated $4-billion in investments aimed at overcoming the challenges that stand in the way of commercially viable FCVs.
[Source: Pike Research via Green Car Congress]
Continue reading Pike: total sales of fuel cell vehicles will exceed 1 million in 2020
Pike: total sales of fuel cell vehicles will exceed 1 million in 2020 originally appeared on Autoblog Green on Thu, 21 Apr 2011 18:58:00 EST. Please see our terms for use of feeds.
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