Electric Vehicles Fuel Cell Sales

Electric Vehicles Fuel Cell Sales Market Outlook

The global Electric Vehicles Fuel Cell market is projected to reach a significant valuation of approximately USD 18 billion by 2035, with a compound annual growth rate (CAGR) of about 25% from 2025 to 2035. This growth can be attributed to several key factors such as the increasing demand for zero-emission vehicles, advancements in hydrogen fuel cell technology, and supportive government policies aimed at reducing carbon emissions. The automotive industry's shift towards sustainable practices, coupled with rising investments in hydrogen infrastructure, is driving the market forward. Furthermore, the growing awareness among consumers about the environmental benefits of fuel cell electric vehicles (FCEVs) is creating a favorable landscape for market expansion, underscored by a rising number of partnerships between automotive manufacturers and energy providers.

Growth Factor of the Market

The Electric Vehicles Fuel Cell market is primarily influenced by the global push towards sustainable transportation. Governments worldwide are implementing stringent emission regulations, incentivizing manufacturers to adopt cleaner technologies, thereby boosting the adoption of fuel cell vehicles. Additionally, advancements in hydrogen production and storage technologies are making fuel cells more viable, paving the way for broader market penetration. The exploration of new applications beyond passenger transport, such as in logistics and industrial sectors, is also driving interest in fuel cell technology. The increasing investment in hydrogen infrastructure, including refueling stations, further enhances market growth prospects, as accessibility remains a key barrier to adoption. Furthermore, rising consumer awareness about the benefits of fuel cell vehicles, such as longer ranges and faster refueling times compared to battery electric vehicles, plays a crucial role in shaping market dynamics.

Key Highlights of the Market

• The global Electric Vehicles Fuel Cell market is growing at a rapid pace, projected to reach USD 18 billion by 2035.
• Government initiatives and policies focusing on reducing greenhouse gas emissions are fueling market growth.
• Technological advancements in fuel cell efficiency and hydrogen production are enhancing the vehicle's viability.
• There is a growing trend towards implementing hydrogen fuel cells not only in passenger vehicles but also in commercial applications.
• Investment in hydrogen infrastructure is critical in overcoming barriers to widespread fuel cell vehicle adoption.

By Product Type

Passenger Vehicles:

Passenger vehicles represent a significant segment of the Electric Vehicles Fuel Cell market. These vehicles are designed for personal transportation and are increasingly seen as a sustainable alternative to traditional gasoline-powered cars. The development of fuel cell passenger vehicles has been accelerated by major automotive manufacturers investing in research and development to enhance fuel cell efficiency and reduce production costs. As consumers become more environmentally conscious, the appeal of zero-emission fuel cell vehicles is growing, leading to an increase in their adoption. Furthermore, with improved driving ranges and faster refueling times compared to battery electric vehicles, fuel cell passenger vehicles are becoming a practical choice for daily commuting and long-distance travel.

Commercial Vehicles:

The commercial vehicles segment is rapidly emerging as a driving force in the Electric Vehicles Fuel Cell market. This category includes trucks, vans, and specialized vehicles used in logistics and transport. The demand for clean transport solutions in commercial settings is heightened by the growing emphasis on reducing operational costs and meeting sustainability goals. Fuel cell technology offers superior range and reduced refueling times, making it particularly suitable for logistics operations where time efficiency is crucial. The transition to fuel cell commercial vehicles is further supported by government incentives and corporate sustainability initiatives aimed at decarbonizing supply chains and reducing the carbon footprint of commercial operations.

Two-wheelers:

Two-wheelers, including scooters and motorcycles, represent a niche yet significant segment of the Electric Vehicles Fuel Cell market. The lightweight nature of fuel cell technology suits two-wheelers, providing an alternative to battery electric two-wheelers that often face range limitations. The growing urbanization and increasing traffic congestion in cities create a strong demand for efficient, eco-friendly personal transport solutions. Moreover, advancements in hydrogen storage technology are making fuel cell two-wheelers more viable, leading to increased interest from manufacturers aiming to launch innovative products in this space. The market for fuel cell two-wheelers is expected to grow as consumers look for convenient and sustainable commuting options.

Three-wheelers:

Three-wheelers, commonly used in many countries for public and goods transportation, are also entering the Electric Vehicles Fuel Cell market. These vehicles are increasingly favored for their maneuverability and cost-effectiveness in urban environments. As cities continue to grapple with pollution and traffic congestion, there is a shift towards cleaner alternatives, and fuel cell technology offers an opportunity to meet this demand. The deployment of hydrogen-powered three-wheelers is also being supported by local governments aiming to promote eco-friendly transport solutions. The increasing availability of hydrogen refueling stations is expected to help fuel the growth of this segment, making it an attractive option for both manufacturers and consumers alike.

Buses:

Buses represent a crucial application of fuel cell technology in public transportation systems. The transition to hydrogen fuel cell buses is being driven by the need for sustainable urban mobility solutions that minimize air pollution and greenhouse gas emissions. Fuel cell buses offer longer ranges and faster refueling capabilities compared to battery electric buses, making them ideal for transit systems requiring high availability and reliability. Several cities worldwide are already testing or deploying hydrogen fuel cell buses as part of their public transport fleets, supported by government incentives and funding. As the infrastructure for hydrogen refueling expands, it is anticipated that the adoption of fuel cell buses will continue to rise significantly, contributing to cleaner public transportation networks.

By Application

Transportation:

The transportation sector is the largest application segment of the Electric Vehicles Fuel Cell market. It encompasses a wide range of vehicles designed for personal and public transportation. The transition towards hydrogen fuel cell vehicles is gaining traction, fueled by the need for sustainable mobility solutions that address urban air quality and greenhouse gas emissions. Fuel cell technology provides distinct advantages, such as longer ranges and minimal refueling downtime compared to battery electric vehicles, making it an attractive option for daily commuting and long-haul transportation. The shift towards hydrogen-powered transport is also bolstered by supportive government policies and investments in hydrogen infrastructure, enhancing viability and accessibility for consumers.

Logistics:

The logistics application segment offers significant potential for the Electric Vehicles Fuel Cell market, as companies seek efficient and environmentally friendly transportation options. Fuel cell technologies can provide the necessary performance metrics required for heavy-duty trucks and delivery vehicles, allowing for longer driving ranges and faster refueling times. This is particularly important in logistics, where operational efficiency and time are crucial factors. As logistics companies focus on reducing their carbon footprints, fuel cell vehicles are gaining traction as they can operate in a wide range of conditions and fulfill the rigorous demands of supply chain logistics. The ongoing advancements in hydrogen infrastructure will further support the growth of fuel cell logistics solutions.

Construction:

The construction industry is increasingly recognizing the benefits of incorporating Electric Vehicles Fuel Cell technology into its operations. Fuel cell vehicles can power construction equipment, providing a clean alternative to traditional diesel-powered machinery. The push for greener construction practices, alongside regulations aimed at reducing emissions on job sites, is driving interest in fuel cell solutions. The use of fuel cells in construction allows for greater flexibility and efficiency, as these vehicles can operate for extended periods without the need for long refueling stops. As sustainability becomes a core focus within the construction sector, demand for hydrogen-powered equipment and transport solutions is expected to rise significantly.

Agriculture:

In the agricultural sector, the potential for Electric Vehicles Fuel Cell technology is increasingly being acknowledged. Fuel cell vehicles can be utilized for various agricultural applications, from transporting goods to powering equipment on farms. The emphasis on sustainable farming practices and the reduction of carbon emissions are driving farmers to explore cleaner alternatives to traditional fossil fuels. Hydrogen fuel cells offer a promising solution, given their efficiency and ability to provide long ranges. The agricultural sector's transition towards hydrogen-powered equipment and vehicles will be critical in achieving broader environmental goals, particularly as the industry faces pressure to adopt greener practices.

Others:

The 'Others' category includes a variety of niche applications for Electric Vehicles Fuel Cell technology that do not fit neatly into the primary sectors listed above. This segment encompasses specialized vehicles used in industries such as mining, aerospace, and emergency services where performance and reliability are crucial. Fuel cell technology is gaining interest in these areas due to its efficiency, low emissions, and ability to operate in diverse conditions. As manufacturers continue to innovate and develop tailored solutions for specific applications, the 'Others' category is expected to contribute significantly to the overall market growth. The versatility and adaptability of fuel cells will play a key role in expanding their usage across various sectors, thus enhancing market prospects.

By Distribution Channel

OEMs:

Original Equipment Manufacturers (OEMs) play a vital role in the Electric Vehicles Fuel Cell market by designing and producing vehicles equipped with fuel cell technology. As major automotive manufacturers invest heavily in R&D to develop fuel cell electric vehicles (FCEVs), the OEM channel is crucial for market penetration. These manufacturers are also collaborating with hydrogen suppliers to ensure a seamless supply chain for fuel cells. OEMs offer vehicles that cater to various segments, from passenger cars to commercial vehicles, thereby broadening their market reach. The increase in production capacity and technological advancements by OEMs is expected to significantly boost the availability and adoption of fuel cell vehicles in the coming years.

Aftermarket:

The aftermarket segment is an essential component of the Electric Vehicles Fuel Cell market, focusing on the sale of replacement parts, maintenance services, and retrofitting existing vehicles with fuel cell technology. As fuel cell vehicles gain traction, the demand for aftermarket services will rise, driven by the need to maintain optimal performance and prolong vehicle lifespan. This segment plays a critical role in the overall market, as it ensures that consumers have access to quality service and support for their fuel cell vehicles. Moreover, aftermarket offerings can enhance customer satisfaction and foster loyalty, establishing a strong customer base that contributes to the long-term growth of the fuel cell vehicle market.

By Fuel Type

Hydrogen:

Hydrogen is the primary fuel type utilized in the Electric Vehicles Fuel Cell market, serving as the cornerstone for fuel cell technology. Hydrogen fuel cells convert chemical energy from hydrogen into electrical energy, resulting in zero emissions at the tailpipe and offering a sustainable alternative to fossil fuels. The growing infrastructure for hydrogen production and refueling is critical in supporting the expansion of hydrogen-powered vehicles. The versatility of hydrogen as a fuel allows it to be sourced from various renewable processes, making it an attractive long-term solution for decarbonizing transportation. As hydrogen technology continues to evolve, its adoption in various vehicle types—from passenger cars to heavy-duty trucks—is expected to increase significantly, thereby enhancing its market share.

Methanol:

Methanol as a fuel type is gaining attention within the Electric Vehicles Fuel Cell market due to its potential as an alternative to hydrogen. Methanol fuel cells offer the advantage of being liquid at room temperature, which simplifies storage and transport compared to gaseous hydrogen. They can be produced from various feedstocks, including renewable sources, which aligns with sustainability goals. The use of methanol in fuel cells presents opportunities for hybrid fuel cell systems, enhancing performance and efficiency. While hydrogen remains the dominant fuel type, the development of methanol fuel cell vehicles is expected to create a diversified market landscape, appealing to consumers seeking practical and flexible energy solutions.

Others:

The 'Others' category for fuel types in the Electric Vehicles Fuel Cell market includes various alternative fuels that can be used in specialized fuel cell applications. This segment explores emerging fuels such as ammonia and biofuels, which are being investigated for their potential to power fuel cells and reduce emissions. While these alternatives currently represent a small share of the market, research and innovation in this area could lead to significant developments. As the demand for sustainable solutions increases, the exploration of alternative fuel types will be crucial in diversifying the fuel cell landscape and enhancing overall market growth. The ongoing advancements in fuel technology will likely open new avenues for innovation within the fuel cell sector.

By Region

North America currently holds a significant share of the Electric Vehicles Fuel Cell market, driven by robust government policies promoting clean energy and extensive investment in hydrogen infrastructure. The region's focus on reducing greenhouse gas emissions has led to increased funding for research and development in hydrogen technologies. In particular, the United States has established substantial initiatives aimed at fostering innovation in fuel cell technology, with several states implementing hydrogen refueling networks to enhance vehicle accessibility. With the North American market projected to grow at a CAGR of around 23% from 2025 to 2035, it is expected to continue leading the charge in fuel cell adoption.

Europe is also emerging as a key player in the Electric Vehicles Fuel Cell market, characterized by progressive environmental regulations and a strong commitment to sustainable transportation. The European Union's ambitious green policies, coupled with investments in hydrogen infrastructure, are propelling the adoption of fuel cell technology across various vehicle types. Countries like Germany, France, and the Netherlands are leading the development of hydrogen-powered vehicles, and they are rapidly expanding their refueling networks to accommodate increasing demand. The European market is anticipated to see substantial growth, with projections indicating a CAGR of approximately 26% over the next decade. This regional momentum reflects the growing recognition of fuel cells as a viable alternative to conventional vehicle powertrains in achieving carbon neutrality.

Opportunities

The Electric Vehicles Fuel Cell market presents numerous opportunities for growth and innovation as the world transitions toward cleaner transportation solutions. A key opportunity lies in the expansion of hydrogen infrastructure, which is crucial for the widespread adoption of fuel cell vehicles. As governments and private sectors invest in the establishment of refueling stations, the convenience and accessibility of hydrogen fuel will significantly enhance market penetration. Furthermore, partnerships between automotive manufacturers and energy providers can facilitate the development of comprehensive hydrogen ecosystems, fostering further innovation in fuel cell technology. As research continues to uncover new applications for fuel cells in various sectors, including aviation and maritime transport, the market is poised for diversification and expansion.

Another promising opportunity lies in the increasing interest in fuel cell technology from the commercial and industrial sectors. As companies seek to reduce their carbon footprint, fuel cell electric vehicles can provide efficient, zero-emission alternatives for logistics, construction, and public transportation applications. The potential for integrating fuel cells with renewable energy sources, such as wind and solar, presents a unique opportunity for creating sustainable energy systems that support the growth of the electric vehicle market. Additionally, ongoing advancements in fuel cell technologies, including improved performance, lower production costs, and enhanced durability, will continue to attract investment and drive innovation, paving the way for a more sustainable future.

Threats

Despite the robust growth potential of the Electric Vehicles Fuel Cell market, several threats could impact its development trajectory. A primary concern is the competitive landscape, particularly the dominance of battery electric vehicles (BEVs) in the green transportation space. As BEV technology continues to advance, offering longer ranges and lower costs, consumer preference may shift away from fuel cell vehicles. Additionally, the limited availability of hydrogen refueling stations remains a significant barrier to the widespread adoption of fuel cell technology. Without a comprehensive refueling infrastructure, potential consumers may be hesitant to transition to fuel cell vehicles, thereby hindering market growth. Moreover, fluctuations in hydrogen production costs, primarily influenced by natural gas prices, could adversely affect the cost-competitiveness of fuel cell vehicles compared to other alternatives.

Another critical challenge facing the Electric Vehicles Fuel Cell market is public perception and consumer awareness. Many consumers remain unfamiliar with fuel cell technology and its benefits, leading to misconceptions and reluctance to adopt. The need for extensive education and outreach initiatives is essential to inform potential buyers about the advantages of fuel cell vehicles, including their efficiency, performance, and environmental benefits. Additionally, regulatory hurdles and varying government policies across regions can create uncertainty for manufacturers and investors, deterring investment and complicating market entry strategies. Establishing consistent regulatory frameworks that support fuel cell technology is crucial to fostering a stable environment for market growth and innovation.

Competitor Outlook

• Toyota Motor Corporation
• Honda Motor Co., Ltd.
• Hyundai Motor Company
• Ballard Power Systems Inc.
• Plug Power Inc.
• FuelCell Energy, Inc.
• PowerCell Sweden AB
• Rivian Automotive, Inc.
• BYD Company Limited
• Nikola Corporation
• General Motors Company
• Mercedes-Benz AG
• BMW AG
• Volkswagen AG
• ABB Ltd.

The competitive landscape of the Electric Vehicles Fuel Cell market is dynamic and evolving, characterized by strong competition among established automotive manufacturers and emerging start-ups focused on fuel cell technology. Key players like Toyota and Honda have been at the forefront of fuel cell vehicle development, leveraging their technological prowess and extensive research capabilities to launch innovative products. Toyota, for instance, has made significant strides with its Mirai fuel cell sedan, establishing itself as a market leader. Honda, on the other hand, is focusing on a variety of applications, including buses and commercial vehicles, showcasing the versatility of fuel cell technology. These automotive giants are also investing in partnerships and collaborations to bolster their hydrogen infrastructure, critical for supporting fuel cell vehicle adoption.

Emerging companies like Nikola Corporation and Rivian Automotive, although more focused on hydrogen-powered trucks and utility vehicles, are significantly impacting the competitive landscape as they seek to carve out their niche. By prioritizing sustainability and clean energy, these companies are responding to the increasing demand for eco-friendly transportation solutions. Additionally, fuel cell technology providers such as Ballard Power Systems and Plug Power are critical players in this market, supplying fuel cell systems and components to various manufacturers. Their specialized expertise is essential in advancing fuel cell technology and making it more accessible across different vehicle segments.

As the Electric Vehicles Fuel Cell market continues to grow, several other factors will drive competition, including technological advancements, supply chain integration, and the establishment of hydrogen production facilities. Major automotive manufacturers like General Motors and Mercedes-Benz are now entering this space, showcasing a strong commitment to developing hydrogen-powered vehicles as part of their broader electrification strategies. The competition is further intensified by the global shift towards sustainable solutions, where companies that can offer innovative, cost-effective, and reliable fuel cell technologies will likely thrive in this rapidly evolving marketplace.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BMW AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 ABB Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Volkswagen AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Plug Power Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Mercedes-Benz AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Nikola Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 BYD Company Limited
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 PowerCell Sweden AB
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 FuelCell Energy, Inc.
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Honda Motor Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hyundai Motor Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 General Motors Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Rivian Automotive, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Toyota Motor Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Ballard Power Systems Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Electric Vehicles Fuel Cell Sales Market, By Fuel Type
    • 6.1.1 Hydrogen
    • 6.1.2 Methanol
    • 6.1.3 Others
  • 6.2 Electric Vehicles Fuel Cell Sales Market, By Application
    • 6.2.1 Transportation
    • 6.2.2 Logistics
    • 6.2.3 Construction
    • 6.2.4 Agriculture
    • 6.2.5 Others
  • 6.3 Electric Vehicles Fuel Cell Sales Market, By Product Type
    • 6.3.1 Passenger Vehicles
    • 6.3.2 Commercial Vehicles
    • 6.3.3 Two-wheelers
    • 6.3.4 Three-wheelers
    • 6.3.5 Buses

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Electric Vehicles Fuel Cell Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Electric Vehicles Fuel Cell Sales market is categorized based on

By Product Type

• Passenger Vehicles
• Commercial Vehicles
• Two-wheelers
• Three-wheelers
• Buses

By Application

• Transportation
• Logistics
• Construction
• Agriculture
• Others

By Fuel Type

• Hydrogen
• Methanol
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Toyota Motor Corporation
• Honda Motor Co., Ltd.
• Hyundai Motor Company
• Ballard Power Systems Inc.
• Plug Power Inc.
• FuelCell Energy, Inc.
• PowerCell Sweden AB
• Rivian Automotive, Inc.
• BYD Company Limited
• Nikola Corporation
• General Motors Company
• Mercedes-Benz AG
• BMW AG
• Volkswagen AG
• ABB Ltd.