Sales growth of hydrogen fuel cell vehicles slows down, mainly due to insufficient construction of hydrogen refueling stations

According to China Business News, the hydrogen fuel cell vehicle industry is under pressure this year. The average daily load rate of hydrogen refueling stations needs to reach more than 70% to achieve a break-even point, but few hydrogen refueling stations can reach this level. Data shows that from January to October 2024, the sales volume of hydrogen fuel cell vehicles in my country was 4,695, a year-on-year increase of 27.4%, which is slower than the growth rate in previous years. Industry experts believe that due to various factors, the sales and promotion of hydrogen fuel cell vehicles have not been as expected. The industry is still in the early stages of commercialization and has not yet ushered in large-scale development.