Hydrogen Vehicle
There were many claims that the Hydrogen Vehicle will revolutionize transportation. Hydrogen-fueled cars will have a way to cut back emissions that donate to global warming. Furthermore, you will discover plans to build Hydrogen fueled buses and even trains. Hydrogen may also power vehicles and even tailpipe emissions. Hydrogen is believed to possess similar attributes to fossil fuels like gasoline and diesel. Regardless of the factors, you will discover certain aspects that could potentially limit the development of the market. For instance, high costs linked to raw materials such as for example platinum in the fuel cell anode and carbon fiber to create hydrogen fuel tanks, which impedes growth of the Hydrogen Vehicle Market in the near future.
Over the years, governments of numerous countries have started purchasing the development of hydrogen fuel cell infrastructure. Recently, in May 2021, the Government of Germany announced to launch of 62 large-scale hydrogen projects within a joint European hydrogen project. Since hydrogen vehicles are highly efficient when compared with conventional gasoline-powered cars, government authorities are focused on developing such infrastructures, in order to reduce carbon footprint. Hence, such factors can stimulate growth of the Hydrogen Vehicle Market.
The hydrogen fuel cell technology has improved through the years with the advent of different technological advancements. Key companies in the field of hydrogen fuel are focused on continuous research and development activities, in order to develop novel technologies in hydrogen fuel cells. Thus, these factors could augment growth of the hydrogen vehicle market in the near future. Recently, in April 2021, Volvo and Daimler launched a joint venture to develop hydrogen0based fuel cell technology to power heavy goods vehicles.
Read More@ https://bit.ly/3D4XEHV
