Globally, the Asia-Pacific (APAC) fuel cell electric vehicle market is expected to witness the fastest growth throughout the forecast period, owing to the hefty investments being directed toward the development of hydrogen fuel cell vehicles. Leading automobile manufacturers such as Hyundai Motor Company and Toyota Motor Corporation provide fuel logistical vehicles, cell buses, and passenger cars for the APAC population. Moreover, the increasing number of government initiatives for promoting zero-emission vehicles during global events will also drive the demand for FCEVs in the region.
Thus, the rapid shift toward electrification of vehicles and the soaring need to reduce carbon emissions will facilitate the adoption of FCEVs worldwide.
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