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Fuel Cell Vehicle Market Expecting Swift Growth Till 2025 as Governments Invest into Development of Pollution-Free Vehicles | Million Insights

FELTON, California, June 23, 2020 /PRNewswire/ -- The global Fuel Cell Vehicle Market size is projected to touch USD 1.75 billion by 2025, according to a new report by Million Insights. The market is anticipated to witness a CAGR of 33.7% over the forecast duration. The growing investment by governments in the development of pollution-free vehicles is attributing to the growth of the market.Fuel cell vehicles are pollution-free and greatly reduce the carbon footprint, thereby, expected to garner much traction over the next few years. Additionally, advancement in fuel cell technologies is further projected to drive the vehicle's demand. Owing to ongoing advancements, these vehicles are capable of matching the performance of conventional vehicles.Fuel cell adoption is likely to rise over the forecast duration owing to stringent emission norms set by the governments across the globe. Further, various governments are also providing incentives to support the growth of the fuel cell vehicles market.Please click here to get the sample pdf and find more details on "Fuel Cell VehiclesMarket" Report 2025.North America led the market in 2017 and expected to continue its dominance over the forecast duration. Europe and Asia Pacific are also witnessing a surge in demand owing to growing infrastructural development to support the development of fuel cell vehicles.
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