Electric Vehicles and Fuel Cell Vehicles offer a cleaner alternative to internal combustion engines, and both use electric motors powered by electrochemical devices. Electric vehicles use energy stored in a battery, whereas fuel cell vehicles have stored fuel that reacts to produce energy.
Source: Secondary Information, LP Information Research Team; 2021
According to the new market research report “Global Electric Vehicles and Fuel Cell Vehicles Market Report 2023-2029”, published by QYResearch, the global Electric Vehicles and Fuel Cell Vehicles market size is projected to reach USD 519.87 billion by 2029, at a CAGR of 16.4% during the forecast period.
Figure. Global Electric Vehicles and Fuel Cell Vehicles Market Size (US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Electric Vehicles and Fuel Cell Vehicles Market Report 2023-2029.
Figure. Global Electric Vehicles and Fuel Cell Vehicles Top 5 Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from QYResearch: 2021 data information of Global Electric Vehicles and Fuel Cell Vehicles Market Report 2023-2029.
The global key manufacturers of Electric Vehicles and Fuel Cell Vehicles include Tesla, BMW, SAIC, Mercedes-Benz, VOLVO, BYD, Hyundai & Kia, Renault, Volkswagen, JAC, etc. In 2021, the global top five players had a share approximately 58.0% in terms of revenue.
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