In 2023, France had a total of 603 hydrogen and fuel cell passenger cars. This marks an 8.26% increase from the previous year, 2022, which indicates a slowing year-on-year growth compared to the substantial growth observed in earlier years. The Compound Annual Growth Rate (CAGR) over the last five years stands at 37.43%, reflecting a significant overall upward trend in the adoption of hydrogen and fuel cell vehicles in France.
However, future forecasts from 2024 to 2028 show a more moderate growth trajectory, with a forecasted CAGR of 5.85% and an overall growth rate of 32.88% over the next five years. By 2028, the number of these vehicles is expected to reach 877 units.
Future trends to watch for include the development of supportive infrastructure, such as hydrogen refueling stations, advancements in fuel cell technology that could lead to cost reductions, and potential government incentives to encourage the adoption of clean energy vehicles. Additionally, market dynamics will be influenced by broader trends in the automotive sector, including the shift towards sustainability and the competitive positioning of hydrogen vehicles relative to battery-electric vehicles.
