The Fuel Cell Electric Vehicle (FCEV) market is poised for impressive growth, projected to skyrocket from USD 7.2 billion in 2025 to USD 50.8 billion by 2034, driven by a remarkable 24.3% CAGR. FCEVs, utilizing hydrogen fuel cells for electricity generation, present a promising alternative to traditional gasoline and diesel vehicles, offering faster refueling and extended ranges. The market is influenced by factors such as hydrogen infrastructure development, technological advancements, governmental support, and increasing sustainable transport demand. Governments worldwide are enforcing emission regulations and providing incentives for clean technologies, boosting the FCEV market. Investments in hydrogen refueling infrastructure and advancements in fuel cell technology are overcoming past adoption barriers. Major manufacturers like Toyota, Hyundai, and Honda are expanding their FCEV lineup to cater to diverse consumer segments. The European and Asian governments are actively promoting FCEV adoption through financial incentives. Despite the positive trajectory, challenges like high fuel cell production costs and inadequate hydrogen infrastructure in some regions hinder mass adoption. However, ongoing investments and incentives are working towards overcoming these obstacles to establish FCEVs as a significant contributor to a sustainable transport sector.