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Fuel Cell Trucks Market Gains Momentum as Auto Industry Embraces a Hydrogen Economy Transition

Frost & Sullivan

The global fuel cell trucks market is estimated to register 142,858 unit sales by 2030 , with China accounting for 63.9% Regional governments and energy departments are encouraging fuel cell truck adoption through incentives, tax credits and funding. of total global sales. They also are availing demonstration project scenarios.

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Continued Policy Support will be Critical as Electric Vehicle Sales Reach New Milestone in the US

Frost & Sullivan

This has taken the form of a raft of tax credits, subsidies and incentives aimed at encouraging EV adoption. The tax credit for business owners is marginally higher with a maximum credit of up to $40,000. Moreover, the government offers a tax credit of 30% or up to a maximum of $1,000 towards installing a home EV charger.

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Falling Production Costs, Government Support, and Diversified Applications will Spur the Advance of Hydrogen-based, Fuel Cell Electric Vehicles

Frost & Sullivan

Surging investments target 200,000 fuel cell electric vehicle (FCEV) units by 2030. Infrastructure investments in hydrogen refueling stations, proactive government support in the form of subsidies, incentives, tax credits, and progressive regulatory policy are fast-tracking the development of the nascent hydrogen ecosystem.

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Key Themes, Presentations, and Learnings from “MetaTech – EV Charging Infrastructure Virtual Conference”

Frost & Sullivan

By 2030, market potential is $100B+, GR 26% providing good opportunity. Additional streams – (a) carbon credits (b) data sales [ever expanding use cases] and (c) funding, incentives, and rebates. Critical element – software with no “downtime”. globally, significantly falling behind.

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The Competition Heats Up as VinFast Intensifies Push into US Electric Vehicle Market

Frost & Sullivan

Reinforcing VinFast’s ambitious plans for the North American market has been its collaboration with ultrafast charging network, Electrify America on charging and mobile app integration. Moreover, it has been benefiting from the $7,500 federal tax credit offered under the Inflation Reduction Act (IRA).

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Carbon Markets: Tech and Nature-Based Solutions Will be Critical to the Climate Transition

Frost & Sullivan

The 6P Framework for the Future of the Sustainability and Circular Economy – More with Less Policies: The Beginning of Carbon Markets In 2015, the United Nations’ Sustainable Development Goals (SDGs) brought the international community together and laid out a series of objectives to be achieved by 2030.

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