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The global hydrogen fuel cell vehicle market size is valued at $0.2 billion in 2024 and is expected to reach $2.1 billion by 2030, at a CAGR of 48.0%, during the forecast period 2024 to 2030. Government subsidies for environmentally friendly hydrogen production, the development of an integrated hydrogen ecosystem, the launch of new generation H2 fuel vehicles, and OEM plans to establish their own H2 refueling ecosystems are all expected to boost the automotive fuel cell business.
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