Fuel cell technology is distinctive and has the ability to power airport tugs, forklifts, heavy duty vehicles and passenger vehicles. Some prime vehicle organizations have been witnessing the execution of various plans and strategies with regard to fuel cell vehicles. This has caused wide recognition of fuel cell vehicles in the last few years and driven further demand for the fuel cell vehicles market.
Fuel cell and hydrogen vehicles are anticipated to profit and produce employment prospects, mainly in the sector of research and development. Technologies in relation to hydrogen fuel cell help in significantly reducing local air contaminants and greenhouse gas ejections. An investigation was carried out by the National Research Council in respect of the same.
It found out that greenhouse gas levels reduced in the last years owing to the growing utilization of hydrogen fuel cell vehicles. Increased approval and adoption of hydrogen fuel cell vehicles, primarily in civic transportation systems are anticipated to drive the sales of the fuel cell vehicles market. Fuel cell vehicles have the ability to decrease our reliability on oil imports.
They also hold back injurious ejections that negatively influence ecology. Their user friendliness and benefits augur well for the fuel cell vehicles market and push it further. Some of the other prominent drivers of the fuel cell vehicles market include soundless functioning, high effectiveness transformation and high power density of fuel cell vehicles.
Conversely, huge costs needed for fuel cell vehicles in opposition to other energy systems can obstruct the pace of the fuel cell vehicles market.
Posted on May 21, 2015 | Category Semiconductors & Electronics