Europe Fuel Cell Electric Vehicle Market Share

Market Share of Europe Fuel Cell Electric Vehicle Industry

The Europe Fuel Cell Electric Vehicle Market is considered to be moderately consolidated owing to the presence of several global and regional players. The prominent players operating in the industry are adopting various partnerships and collaborations with automotive OEMs and government-backed companies and organizations to strengthen their foothold in the market. For instance, 

• In September 2022, Hyundai Motor Company and Iveco Group at IAA Transportation 2022 in Hannover unveiled the first IVECO eDAILY Fuel Cell Electric Vehicle. The two companies announced hydrogen-powered IVECO BUS vehicles with Hyundai's fuel cell system earlier in July. The eDAILY Fuel Cell Electric Vehicle (FCEV), exemplifies IVECO's best-selling and longest-running large van's future potential. 
• In July 2021, the HYVIA hydrogen venture between carmaker Renault and U.S. company Plug Power announced that it plans to sell products throughout Europe, and will assemble fuel cells and hydrogen refueling stations at the Flins factory in France. The HYVIA venture added in a statement that it would offer a range of three fuel-cell powered Master Large Van models across major countries in Europe. 

Europe Fuel Cell Electric Vehicle Market Leaders

1. Toyota Motor Corporation

2. Mercedes Benz Group

3. Hyundai Motor Company

4. AB Volvo

5. Audi AG

*Disclaimer: Major Players sorted in no particular order