During the period of January through August, Hyundai Motor of Korea outsold its Japanese rivals to lead the world in hydrogen car sales.
In a statement, SNE Research cited data from the Global FCEV Monthly Tracker to report that Hyundai Motor sold 7,410 hydrogen fuel-cell electric vehicles (FCEVs) in international markets over the course of the eight-month period, an increase of 26% from the 5,873 units sold during the same period last year.
According to the statement, the manufacturer of the Nexo hydrogen model had close to 60% of the market for hydrogen-powered vehicles worldwide in the first eight months.
According to Hyundai, the current Russia-Ukraine conflict, a chip scarcity, and automakers’ concentration on all-electric vehicles continue to be big obstacles to the sale of hydrogen-powered vehicles.
Toyota Motors came in second with 2,561 FCEV sales in the first eight months, a decrease of 42% from the 4,406 units sold in the same period in 2017. During the cited time, the Japanese automaker accounted for 21% of the hydrogen vehicle market.
Honda Motor finished in third with 209 FCEV sales, up from 178 a year earlier and a 17% increase.
According to the statement, the number of hydrogen vehicles sold globally from January to August increased by 11% to 12,407 units from 11,198 the previous year.