Toyota U.S. Hydrogen Fuel Cell Car Sales Keep Growing In Q3 2023

The hydrogen gas mobile vehicle phase in the United States (truly in California, where by the collection-manufactured versions are obtainable) ongoing its rebound very last quarter, possibly heading toward the ideal 12 months at any time.

In accordance to the Hydrogen Gas Mobile Partnership‘s facts, throughout the 3rd quarter of 2023, 966 new hydrogen gas mobile vehicles (aka FCV or FCEV) had been marketed in the U.S., which is 531 % far more than a 12 months in the past (from a reduced foundation of 153 models).

The Hydrogen Gas Mobile Partnership’s FCVs revenue facts arrives from Baum and Associates. “Profits facts is primarily based on vehicle revenue marketed by a vendor to a retail or fleet shopper.”

This outcome arrives on leading of the Q2 record of 1,076 units, which is an exciting and even astonishing outcome, looking at that the amount of obtainable vehicle versions truly diminished and there is not considerably development in conditions of refueling infrastructure.

2021 Toyota Mirai

The FCV phase at present is dominated by 1 design – the Toyota Mirai, which observed 882 revenue throughout the quarter (up one,16 % 12 months-about-12 months), though the Hyundai Nexo seems to be weakening (68 models in Q3). Other versions (wanting at the Honda Clarity Gas Mobile) had been discontinued a number of several years in the past.

If Hyundai decides to concentrate on all-electric powered vehicles and ditches the Nexo, then Toyota will continue to be by yourself on the battlefield.

In the meantime, all-electric powered vehicle registrations in California are 100 periods larger, at around 100,000 models for every quarter or so (not even which include the relaxation of the place).

Hydrogen vehicle revenue in Q3’2023 (YOY adjust):

  • Whole: 966 (up 531%)

Hydrogen vehicle revenue claimed by the suppliers in Q3’2023 (YOY adjust):

  • Toyota Mirai: 882 (up one,16%)
  • Hyundai Nexo: 68 (down eight%)
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In the course of the initially 9 months of the 12 months, far more than two,700 new FCVs had been marketed, which is 39 % far more than a 12 months in the past.

Hydrogen vehicle revenue in Q1-Q3’2023 (YOY adjust):

  • Whole: two,767 (up 39%)

Hydrogen vehicle revenue claimed by the suppliers in Q1-Q3’2023 (YOY adjust):

  • Toyota Mirai: two,604 (up 81%)
  • Hyundai Nexo: 173 (down 50%)

For reference, in 2022 FCEV sales exceeded 2,707 (down 19 percent year-over-year), which suggests that this 12 months will be much better than 2022 – possibly, the ideal at any time.

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The total cumulative revenue of FCVs exceeded 17,700 as of the finish of the quarter (not counting autos taken out from use), which is 25 % far more than a 12 months in the past. This amount involves pretty much 14,000 Toyota Mirai.

There is now a large opportunity that in 2025 we will see the 20,000th hydrogen gas mobile vehicle marketed, but looking at far more than 10 several years of revenue (because 2012) and all the incentives for hydrogen, which is very little to rejoice.

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As of Oct 25, 2023, the amount of open up retail hydrogen stations in California stood at 55 (two far more than in December, but a few much less than in May possibly):

  • Open up – Retail: 55
  • Open up – Legacy Retail:
  • Presently Unavailable: 10
  • In Design: five
  • In Allowing: 18
  • Proposed: four
  • On maintain: five
  • Whole (Gentle Obligation): 97

We also observed that the amount of websites underneath building, in allowing or proposed, diminished a little bit when compared to the earlier experiences. See the full list of hydrogen infrastructure here.

A swift calculation reveals that there are 322 vehicles for every solitary station (cumulative revenue divided by the amount of open up retail stations). Even though, it is really much less owing to the early vehicles that have been taken out from services.

The post Toyota U.S. Hydrogen Fuel Cell Car Sales Keep Growing In Q3 2023 appeared first on Cars News Magazine.


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