QYR Market Research Global automotive fuel cells market research | Page 3

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With increasing emission levels, the governments across the globe are
focusing on promoting the adoption emission-free vehicles. Several countries
around the world including the US and Germany are providing various
incentives for fuel cell vehicle buyers. For instance, fuel cell vehicle buyers in
Germany receive an incentive of about USD 4,450. Similarly, Japan also
provides a purchase subsidy of about USD 19,740 for fuel cell vehicles.
Additionally, countries such as China, Japan, South Korea, and the US are also
focusing on developing hydrogen infrastructure. Such initiatives will increase
the popularity and adoption of fuel cell vehicles, which will subsequently drive
the growth of the fuel cells market for the automotive industry.
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