Fuel Cell Electric Vehicles or Fuel Cell Vehicles is a type of vehicle which uses a fuel cell to power its on-board electric motor. Fuel cells in vehicles create electricity to power an electric motor, generally using oxygen from the air and compressed hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no harmful tailpipe exhaust—they emit water vapor and warm air. 

The Global Electric Vehicles Fuel Cell market size will reach 90000 million USD by 2025, from 820 million USD in 2018, at a CAGR of 79.8% during the forecast period.

Due to the limitation of technology and raw material cost, development of fuel cell electric vehicle was slow in the first decade in 21 Century. Recently, many automotive manufacturers start to joint together to develop the technology of fuel cell electric vehicle. So far, there are three big global car companies which can offer mass production fuel cell electric vehicle. They are Hyundai, Toyota and Honda.

Environment protecting policies all over the world will be stricter in vehicle emissions in the future. These policies will offer a promotion to the popularization of fuel cell electric vehicles, especially the developed countries. In 2021 the consumption in the USA and Europe will occupy more than 50% of world consumption. To grab more market, companies have to expand their technology, capital investment. As technology is grasped in a few companies, it is hard for the small and medium-sized companies to enter the market. It can be concluded that the fuel cell electric vehicle market will be high-concentrated in a period of time.