Hydrogen Car Markets Gear Up for Rebound Amid Downturn

Despite having maintained an annual growth of over 37 percent since 2017, FCEV sales plummeted in 2023. However, hydrogen cars may still have the potential to rebound this year.

Moh. Fatkhul Maskur

19 Feb 2024 - 18.35
A-
A+
Hydrogen Car Markets Gear Up for Rebound Amid Downturn

Illustration - The Toyota Mirai dominated the hydrogen fuel vehicle market in the US, holding a 21% market share for hydrogen vehicles last year./Bisnis/Antara/Courtesy of Toyota global.

Bisnis, JAKARTA — Despite having maintained an annual growth of over 37 percent since 2017, fuel cell electric vehicle (FCEV) sales plummeted in 2023. However, hydrogen cars may still have the potential to rebound this year.

According to SNE Research's report on Thursday (2/15/2024), the total number of hydrogen cars sold throughout 2023 was recorded at 14,451 units, a 30.2 percent drop compared to the previous year's achievement of 20,704 units.

The decline in hydrogen car sales is mainly attributed to heavy pressure in the market in South Korea, which was forced to relinquish its position as the world's largest hydrogen car market in November 2023.

By the end of 2023, South Korea only recorded sales of 4,631 hydrogen cars, a 55 percent decrease compared to the previous year. As a result, South Korea also lost its dominance in contributing to the global FCEV market. South Korea's contribution to the world market last year shrunk by 17.9 percent to only 32 percent.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.