Fuel Cell Hybrid Electric Vehicles are driving Electric Vehicles and Fuel Cell

Posted by Deeksha on November 11th, 2019

Electric vehicles and fuel cell vehicles have transformed conventional vehicle space and have emerged as green and reliable solution in transport sector. They are giving tough competition to conventional vehicles on different fronts including price and end-user choice. They are eyed as future vehicles owing to their positive attributes such as clean emission and high performance. An intelligence report titled, “Electric Vehicles and Fuel Cell Vehicles: Global Markets to 2024” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

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Increase in global awareness regarding eco-friendliness has compelled the world leaders and industry heads to come up with vehicles and fuels that produce less pollution to improve the degrading environmental situation. Global electric vehicle and fuel cell vehicle market has gained momentum on the pretext of providing advanced technologies including advanced internal combustion engine and hydrogen powered vehicle that offer low emissions.

Hyundai collaborates with Cummins Inc. to create power trains

Fuel cell hybrid electric vehicles are the latest entrants in electric vehicles space that utilize a second power source. Electric vehicles demand rigorous recharging to provide adequate range of performance and to cover extended distance. Furthermore, use of air conditions inside the vehicles also reduce its performance. Using a second source of energy eliminates electric vehicle’s shortcoming regarding power range.

Nissan is developing technologies for Fuel cell electric vehicles to achieve gasoline vehicle’s acceleration and cruising range. It has integrated different advanced components including lithium-ion battery, electric vehicle’s power system, hybrid vehicle’s control technology and storage technology of compressed natural gas vehicle, to refine the existing environmental and power saving performance of fuel cell electric vehicles.

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Major stake holders are actively involved in mergers and acquisitions to gain higher penetration in market. Hyundai motor company is collaborating with Cummins Inc. for commercializing fuel cell and electric power trains. These power trains will be integration of fuel-cell technology from Hyundai and electric motors, control systems and batteries provided by Cummins.

Electric vehicles and fuel cell vehicles market: Report Synopsis

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Electric vehicles and fuel cell vehicles market: Research Methodology

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