Hydrogen Truck & Bus Market to Nearly Triple to $8.95B by 2035
Delray Beach – September 28, 2026 -- The global hydrogen bus and truck market is projected to grow from $3.83 billion in 2026 to $8.95 billion by 2035, a 9.9% compound annual growth rate, according to MarketsandMarkets. Demand is concentrated in long-haul freight, high-utilization transit fleets and mining operations where battery-electric charging downtime remains commercially impractical.
India commits to 1,000 hydrogen commercial vehicles by 2030
India's National Green Hydrogen Mission is shifting from pilot programs to fleet-scale deployment, targeting more than 1,000 hydrogen trucks and buses in commercial use by 2030. The government plans refueling stations at roughly 200-kilometer intervals and is evaluating decentralized hydrogen production to improve fuel economics for medium and heavy commercial vehicles.