The European Commission has initiated Hy2Move, the fourth Important Project of Common European Interest (IPCEI) in the hydrogen value chain, with a significant investment of €1.4bn across seven member states. This project aims to accelerate the development and deployment of innovative hydrogen technologies to facilitate the decarbonization of mobility and transport sectors. Hy2Move comprises 13 projects proposed by 11 companies from Estonia, France, Germany, Italy, The Netherlands, Slovakia, and Spain, focusing on various aspects such as fuel cell technology integration, hydrogen production, storage solutions, and infrastructure development. The initiative not only supports the advancement of hydrogen technologies but also aligns with the goals of the European Green Deal, contributing to the ambitious target of achieving a 90% reduction in emissions from the mobility and transport sectors by 2050. The projects under Hy2Move will leverage the emerging hydrogen infrastructure established by Hy2Infra, further enhancing the ecosystem for hydrogen-based transportation. Furthermore, the Member States have introduced a 'claw-back mechanism' to ensure fair revenue distribution from projects that receive substantial financial aid. This mechanism promotes the sustainability of projects and incentivizes innovation in the hydrogen industry. Additionally, the Green Deal Amendment of the General Block Exemption Regulation allows member states to support smaller R&D projects without extensive notification requirements, streamlining the assessment process and fostering a collaborative innovation ecosystem. The establishment of a Code of Good Practices and the Joint European Forum on IPCEI demonstrates a commitment to standardized procedures and information sharing among stakeholders. The completion timeline set for most projects between 2030-2036 highlights the long-term vision and impact expected from Hy2Move in driving hydrogen innovation and sustainable development in Europe.