Of the 670,000 in annual sales, the U.S. will lead the way with 134,049 FCVs, China will hold a close second at 129,241 and Germany will round out the top three with 126,783 annual sales of FCVs. We're not entirely sure how Pike can confidently list such detailed results, but we think that the findings are overly optimistic and based upon the assumption that the necessary refueling infrastructure will be in place by 2020. Without the infrastructure, FCVs could fail to reach the lofty volumes predicted by Pike. Fuel cell industry analyst Dave Hurst spoke the truth when he remarked:
Hat tip to Larz!
The entire growth of the fuel cell vehicle market balances on two key elements: the growth of hydrogen gas refueling stations and improvements in the cells themselves.
[Source: Pike Research]