Fuel Cell Car Market Set to Grow 910.3$ Million by 2018

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For more than a century, man has been driving his vehicles based on fossil fuels namely petrol and diesel. The oil and the automotive industry have been interdependent on each other for decades together. But now the Automotive industry is slowly switching to alternative fuel source due to rising fuel prices, fast depleting sources of fossil fuel and environmental protocols set by many nations in order to curb greenhouse gas caused by the emission and its effect on the eco-system.

Along with compressed natural gas (CNG) and LPG, the automobile industry is exploring the most advanced and economical energy option is Fuel cell Vehicles also known as hydrogen gas powered Vehicles. Started as a prototype by General Motors in 1966 called the “Electrovan”. A car fueled with pure hydrogen emits very less pollutants and it mainly generates water and heat. Although the production of hydrogen can produce pollutants unless the hydrogen used in the fuel cell is formed by using only renewable energy. The vehicle mainly consists of three parts, an electrolyte, an anode and a cathode. With the growth of the fuel cell technology, the dependence on the fossil fuel will come down radically.

Not only it will cut down the cost, it will also contribute to the momentum of the economy of the developing nations as its dependency on the fossil fuel shall cut short. In addition it will help in conserving the environment and cut emission which is caused by the conventional vehicles. It is anticipated that the fuel cell vehicles will see a three fold growth in the next 10 to 20 years. The products and technology related to fuel cell are being now promoted by various international car manufacturers across the globe especially in countries like the United States, Great Britain, Germany and Japan.

Hence It is needless to say that the future of renewable energy and the fuel that will keep the auto industry going is the Fuel cell Technology.