In a new report , Navigant Research forecasts that the annual sales of fuel cell vehicles ( FCVs ) , both cars and buses , will exceed 228,000 by 2024 . Annual fuel cell car and bus sales to exceed 228,000 by 2024, says Navigant Press release, December 2; While the performance of FCVs makes them ready for commercial launch , the industry is still focused on the two key requirements for larger - scale market introduction , it says : driving down vehicle costs to be competitive with battery and hybrid vehicle technology ; and creating the hydrogen infrastructure necessary to fuel the vehicles . “ Commercial FCVs are finally available to drivers in select markets , with early indications of real market interest and signs that manufacturers are getting serious about pricing FCVs to compete at the premium - vehicle level . Those serious about fuel cell technology are expected to face the fuelling infrastructure problem head on , with much larger investments in station buildout . ” Says one report , titled Fuel Cell Vehicles . Until the infrastructure is available , the market for FCVs is expected to remain supply - constrained , keeping vehicle production at low levels . To facilitate the creation of FCV infrastructure , automakers are collaborating with new partners in retail fuelling and hydrogen supply .
In a new report , Navigant Research forecasts that the annual sales of fuel cell vehicles ( FCVs ) , both cars and buses , will exceed 228,000 by 2024 . While the performance of FCVs makes them ready for commercial launch , the industry is still focused on the two key requirements for larger - scale market introduction , it says : driving down vehicle costs to be competitive with battery and hybrid vehicle technology ; and creating the hydrogen infrastructure necessary to fuel the vehicles . “ Commercial FCVs are finally available to drivers in select markets , with early indications of real market interest and signs that manufacturers are getting serious about pricing FCVs to compete at the premium - vehicle level . Those serious about fuel cell technology are expected to face the fuelling infrastructure problem head on , with much larger investments in station buildout . ” Says one report , titled Fuel Cell Vehicles . Until the infrastructure is available , the market for FCVs is expected to remain supply - constrained , keeping vehicle production at low levels . To facilitate the creation of FCV infrastructure , automakers are collaborating with new partners in retail fuelling and hydrogen supply .