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The Hydrogen Vehicle market is a subset of the Electric and Hybrid Vehicle market. Hydrogen Vehicles are powered by fuel cells that combine hydrogen and oxygen to produce electricity, with water and heat as the only byproducts. This makes them a zero-emission alternative to traditional gasoline-powered vehicles. Hydrogen Vehicles are typically more expensive than traditional gasoline-powered vehicles, but they offer longer range and faster refueling times. Hydrogen Vehicles are also more efficient than traditional gasoline-powered vehicles, as they convert more of the energy stored in the fuel into usable power.
Hydrogen Vehicles are still in the early stages of development, and the market is relatively small compared to the Electric and Hybrid Vehicle market. However, the technology is rapidly advancing, and the market is expected to grow in the coming years.
Some companies in the Hydrogen Vehicle market include Toyota, Honda, Hyundai, and Mercedes-Benz. Show Less Read more