Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • TWO DAY MASTERCLASS ON: EXPLOITATION & COMMERCIALIZATION POTENTIAL OF NATURAL HYDROGEN
  • Hydrogen Insurance Market Surge Reflects Industrial Safety Challenges as Project Pipeline Expands
  • Spain’s Hydrogen Infrastructure Faces Environmental Roadblock
  • Nuclear Site Transformation: EnBW’s 400MW Battery Plan Tests Germany’s Storage Economics
  • 2025 Global Electricity Market: Growth, Emissions Challenges, and Renewable Energy Dynamics
  • Tesla’s $4.3B South Korean Battery Deal Exposes Critical Supply Chain Vulnerabilities as Tariff Pressures Mount
  • Austria’s €3.5B Hydrogen Gambit: Infrastructure Investment Against European Market Skepticism
  • Brazil’s Hydrogen Pipeline Swells to 111 Projects—But Deep Challenges Stall Progress
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Analysis
Hydrogen

Hydrogen Fuel Cell Vehicle Market Faces Challenges Amid Decline

Anela DoksoBy Anela Dokso11/02/20252 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

Despite being hailed as a frontrunner in the future of eco-friendly automobiles, the global market for hydrogen fuel cell vehicles (FCEVs) has experienced two consecutive years of decline.

According to recent data from SNE Research, the total global sales of hydrogen fuel cell vehicles in the past year amounted to 12,866 units, marking a significant decrease of 21.6% compared to the previous year. This downturn follows a peak in 2022 with 20,704 units and signals a significant challenge for the hydrogen vehicle sector, which trails behind electric vehicles in terms of price competitiveness and infrastructure development.

Analyzing specific manufacturers, both Hyundai and Toyota, leaders in hydrogen vehicle technology, reported declines in sales and market share. Hyundai retained its position as the top seller through its models Nexo and Elec City, selling 3,836 units but witnessing a reduction of 23.5% year-on-year. The decrease was primarily attributed to a slump in domestic sales of the Nexo model. Similarly, Toyota sold 1,917 units of its Mirai and Crown models, a steep 50.1% decrease compared to the previous year. Meanwhile, China-based bus manufacturer Yutong recorded sales of 1,137 units, a slight decrease of 4.7%, yet managed a small increase in market share.

From a geographical perspective, China emerged as the leading market with sales of 7,113 units, accounting for 55.3% of the global market share, up from 46.1% in 2023. The growth in China is driven by the government’s aggressive policy support, subsidies, and infrastructure expansion, particularly for commercial hydrogen vehicles. Other markets exhibited less promising trends, with South Korea selling 3,688 units, down by 20.4%, followed by Europe with 736 units, Japan with 686 units, and the United States with 586 units.

Despite the downturn, Hyundai is poised to maintain its industry leadership by expanding its commercial vehicle lineup and planning the release of a Nexo successor. SNE Research attributes the weak global sales performance to insufficient domestic market uptake and highlights ongoing challenges such as the underdeveloped charging infrastructure, high production and storage costs, and issues related to economic feasibility.


Stay updated on the latest in energy! Follow us on LinkedIn, Facebook, and X for real-time news and insights. Don’t miss out on exclusive interviews and webinars—subscribe to our YouTube channel today! Join our community and be part of the conversation shaping the future of energy.

hydrogen
Share. LinkedIn Twitter Facebook Email

Related Posts

NATURAL HYDROGEN

TWO DAY MASTERCLASS ON: EXPLOITATION & COMMERCIALIZATION POTENTIAL OF NATURAL HYDROGEN

31/07/2025
hydrogen

Hydrogen Insurance Market Surge Reflects Industrial Safety Challenges as Project Pipeline Expands

31/07/2025
Hydrogen

Spain’s Hydrogen Infrastructure Faces Environmental Roadblock

31/07/2025
storage energy Battery

Nuclear Site Transformation: EnBW’s 400MW Battery Plan Tests Germany’s Storage Economics

31/07/2025
Electricity

2025 Global Electricity Market: Growth, Emissions Challenges, and Renewable Energy Dynamics

31/07/2025
Battery

Tesla’s $4.3B South Korean Battery Deal Exposes Critical Supply Chain Vulnerabilities as Tariff Pressures Mount

30/07/2025
NATURAL HYDROGEN

TWO DAY MASTERCLASS ON: EXPLOITATION & COMMERCIALIZATION POTENTIAL OF NATURAL HYDROGEN

31/07/2025
hydrogen

Hydrogen Insurance Market Surge Reflects Industrial Safety Challenges as Project Pipeline Expands

31/07/2025
Hydrogen

Spain’s Hydrogen Infrastructure Faces Environmental Roadblock

31/07/2025
storage energy Battery

Nuclear Site Transformation: EnBW’s 400MW Battery Plan Tests Germany’s Storage Economics

31/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.