FCEVs have struggled in the market, with only 12,866 registrations globally compared to 10.8 million BEVs by 2024. Manufacturers like BMW still believe in hydrogen's potential, planning to launch their first FCEV in 2028. Leading seller Toyota recently launched the Mirai in 2014, while Hyundai and Honda have introduced their own models. BMW’s pilot FCEVs, including the iX5 Hydrogen, show promising technology. A key challenge remains the lack of hydrogen refueling infrastructure, which has not expanded as rapidly as BEV charging stations.
"The good news is a hydrogen vehicle is an electric vehicle. It's just a different way of storing the energy versus a battery... refuel in 3 to 4 minutes and you're 100% full and ready to go again."
"Hydrogen refueling hasn't proliferated like BEV charging stations. In fact, it has gone backwards in many countries."
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