S. Korea's hydrogen economy drive marks successful first year
Updated: 2020-01-14 14:04:32 KST
One year on from the start of South Korea's 3-hundred-20 million U.S. dollar hydrogen economy drive last year, Korea's hydrogen cars have swept the global hydrogen vehicle market.
During the January to October period last year, Korea's Hyundai Motor accounted for 60 percent of global sales of hydrogen vehicles, surpassing Japan's Toyota Motor and Honda Motor.
As well as being exported to 19 countries around the world last year, Hyundai's popular hydrogen cars have also been seen on the streets of Seoul.
Since last September, hydrogen taxis have taken over 20-thousand people to their destinations, and old police buses will soon be replaced with hydrogen buses.
Currently, there are 34 hydrogen charging stations in the country, far fewer than Japan and Germany, but Korea did build 20 charging stations in just one year, the most in the world.
South Korea also accounts for 40 percent of the world's largest power generation market -- fuel cells.
The future of South Korea's hydrogen economy is expected to get only brighter on the back of government support and research and development.
Last year, the South Korean government enacted the Hydrogen Economy Promotion and Hydrogen Safety Management Act, the world's first act related to the hydrogen economy.
To further create an economically valuable hydrogen ecosystem, key materials for hydrogen cars and charging stations will continue to be localized at cheaper prices.
With goal of increasing economic feasibility, Korea will actively carry out large-scale R&D and cooperate with potential global partners in the hydrogen economy such as Australia and the UAE.
CHO Sung-min, Arirang News.