vehicle

Automotive Fuel Cell Market by Component, Power Output, Hydrogen Fuel Stations, Vehicle Type, Operating Miles – Global Forecast 2028

DUBLIN–(BUSINESS WIRE)–The “Automotive Fuel Cell Market by Component (Fuel Processor, Fuel Cell Stack, Power Conditioner, Air Compressor, Humidifier), Power Output, Hydrogen Fuel Stations, Vehicle Type (Passenger Car, LCV, Truck, Bus), Operating Miles, Region – Global Forecast 2028” report has been added to ResearchAndMarkets.com’s offering.

The global automotive fuel cell market size is projected to reach 596,255 units by 2028, from an estimated 20,168 units in 2021, at a CAGR of 62.2%. Governments are supporting FCEV’s through subsidies & tax rebates for using low emission vehicles and working in collaboration with such OEMs to speed up the growth of their countries.

Increased demand for efficient and low emission vehicles along with government support will boost the automotive fuel cell market. Consumers from developing countries are already feeling the heat of the increasing cost of petrol. Fuel Cell vehicles use can reduce the operating cost of these vehicles. To

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Tips for buying a new or used vehicle in a red-hot market

If you’re in the market for a new ride, here are some money-saving tips to keep you from getting burned.

ST PAUL, Minn. — Car sales have done a 180-degree turnaround from a year ago when sales plunged 30%. New cars, used cars, the boom is one of the hottest and trickiest markets for consumers.  

Tom Leonard, President and CEO of Fury Motors in St. Paul believes demand for vehicles is at an all-time high. “What has changed in the last few months is the availability of the new vehicles,” he said. “Where we use to have a 100-day supply, we probably have closer to a 30-day supply.”

That makes Leonard a happy man. But the demand comes as a microchip shortage is stalling production at many auto plants. Couple that with employees returning to work, low interest rates and buyers flush with cash and finding your new vehicle could

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Car dealers embracing electric vehicle sales | COMMENTARY

As the owner of a local car dealership, I’ve heard every myth there is about car buying. My favorite is that “you can get the best deal on a rainy day.” (It’s not true.) The one that bothers me, though, is a new one: that local dealerships don’t want to sell electric vehicles.

As a Nevada auto dealer who has been in the business for 42 years, I can assure you that my colleagues and I are just as excited to sell electric vehicles as gas-powered cars — if not more so.

It’s true that many dealerships harbored reservations about electric vehicles in the past. Ten years ago, EVs were significantly less reliable than they are today. They were much more expensive. Many looked strange, alienating potential buyers. Plus, limited battery life and the lack of charging infrastructure meant you couldn’t travel far on a charge. They were impractical.

But

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Mazda reveals its first electric vehicle: meet the Mazda MX-30

Mazda, the Japanese automaker known for delivering reliable gas cars but not taking many risks, on Wednesday introduced its first electric car geared for the North American market.

The company revealed the Mazda MX-30 electric crossover with plans to begin selling it at California dealerships in the fall.

Known for focusing largely on fuel efficiency improvements in its gas engines, Mazda’s pivot comes amid a rising tide of investments in electric vehicles across the automotive industry.

In recent months, General Motors, Volvo and Jaguar all announced plans to phase out gas cars in the coming years.

While Mazda made no such commitment on Wednesday, the arrival of the MX-30 shows how even value-oriented brands can’t ignore the winds of change.

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Consumer Reports: These are the 10 most and least reliable 2021

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