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Lowered Production Costs and Improved Infrastructure will be Key to Driving Success of Hydrogen Powered, Fuel Cell Electric Vehicles in Passenger Vehicles Market

Frost & Sullivan

Department of Energy, for instance, has set an agenda to fast track the production, processing, delivery, storage, and use of clean hydrogen. The EU has a stated goal of producing 10 million metric tons (Mmt) and importing 10 Mmt of hydrogen, as well as building hydrogen refueling stations (HRS) at every 200 km by 2030.

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Global Off-highway Equipment Market to Build on 2021 Recovery, Laying the Foundation for Stable Growth in 2022 and Beyond

Frost & Sullivan

For a start, we saw off-highway equipment manufacturers establish clear roadmaps framed by sustainability agendas, as illustrated by Komatsu’s declared intent to boost the ratio of renewable energy use by 50% from 2010 to 2030. Another big trend was the emergence of digital platforms and services aimed at improving data use.