As one of the largest markets overall for fuel cell electric vehicles (FCEV) and by far the largest for FCEV commercial vehicles – a category including trucks and buses – China plays an important role in influencing global hydrogen energy and fuel cell policy.
While the vast majority of the country’s policies for this industry to date have been focused on the transportation segment, more recent documents have promoted upstream generation, midstream storage, and downstream applications such as maritime and large-scale stationary projects. China’s hydrogen policies have incubated new technologies in the industry, leading to a positive feedback cycle where technology advancements, in turn, have encouraged more policy support.
Policy impact: Capital investment
The China Hydrogen Alliance (CHA) has made numerous attempts to forecast the value of the country’s hydrogen energy and fuel cell industry; such forecasts invariably trend upwards, especially as a result of the large number of green hydrogen projects announced in 2021.
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