The fuel cell electric vehicle market is on the way of growth. The main influencers for the industry growth are the stringent norms for emissions of carbon, growing acceptance of EVs in developing economies, longer drive range obtained by these vehicles, and increasing requirement for better fuel efficiency.

Passenger vehicles had a larger share in the past, based on vehicle type. This is because of the increasing per capita income in the emerging markets, high requirement for clean personal mobility, and strict norms of the government for curbing the pollution from vehicles. 

Furthermore, numerous countries are planning the alteration of cab and taxi fleets into FCEVs. For example, South Korea will deploy about 120,000 fuel cell automobiles by the end of 2040.

The short category will grow at a faster rate in the years to come, on the basis of range. This is because to the increasing requirement for low-emission automobiles for traveling or commuting short-distance. 
Furthermore, these kinds of vehicles are increasingly put to use for different applications, such as transportation of goods inside airports and ports and by e-commerce companies with the intention of reducing their carbon footprint, rendering a positive outlook for the industry.

The existence of strict government regulations is among the key factors accountable for the fastest growth of the APAC for fuel cell electric vehicle market at a global level. 
Furthermore, the key nations in the region have been investing considerably for the expansion of hydrogen fuel cell vehicles. Toyota and Hyundai offer fuel cell buses, passenger cars, and logistical vehicles.

Fuel cell vehicles have got popular recently because of their enhanced performance, shorter time to refuel, and longer range. More than these recompences and decreased emissions, the tech fallouts in superior power and higher torque. Also, a fuel cell vehicle has a driving range of 300 to 380 miles. 

Furthermore, recent catalyst expansions are crucial for the future of the fuel cell tech, as they will improve resilience through innovative catalyst layer designs. Therefore, the incessant tech progressions in the fuel cell technology are a key trend in the industry for EV.

Strict carbon emission protocols, such as the ones with regards to fuel efficiency, applied at the global and country levels continue power the growth of the industry. The increasing concerns over carbon dioxide emissions are bringing about the decreasing requirement for conventional automobiles, ultimately benefiting the industry.