Hydrogen trucks use hydrogen fuel cells, which power the electric motors that propel the vehicles. Hydrogen plays a key role in decarbonizing the transportation sector and is one of the most promising alternative fuels to diesel. Hydrogen trucks offer numerous advantages over diesel-powered trucks, including a longer range, faster refueling capabilities, reduced greenhouse gas (GHG) emissions, and the production of only water vapor as a byproduct.
The rising demand for fuel-cell vehicles (FCVs) and concerns about carbon emissions are driving increased interest in hydrogen-powered trucks. Supportive government regulations and policies, along with technological advances in fuel cell technology, present opportunities that should help propel market growth.
According to BCC Research, the global market for hydrogen trucks was valued at $3 billion in 2024 and is projected to grow to $16.2 billion by 2029, registering a striking compound annual growth rate (CAGR) of 33.4% during the forecast period. This rapid expansion highlights the increasing investments, policy support, and technological advancements fueling the adoption of hydrogen-powered transport solutions.
Here are seven reasons why the global hydrogen truck market is gaining traction and what it means for the future of commercial transportation.