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The South Korean government aims to have 6,400 fuel-cell
passenger cars on the country's roads by the end of 2019, up from
890 units in the last year, reports the Yonhap News Agency, citing
South Korea's Ministry of Trade, Industry and Energy. On top of
these fuel-cell passenger cars, the government plans to supply 10
hydrogen-powered taxis starting from August and 35 hydrogen buses
from June, highlights the report. The government also plans to
increase the number of charging stations for fuel-cell vehicles in
the country to 86 by the end of this year and further to 310 by
2022, up from 21 currently. To achieve its target, it plans to come
up with measures to establish hydrogen charging infrastructure
across the nation by August.
Significance: This latest development shows the
South Korean government's commitment to developing a hydrogen
economy. In January, the government revealed a roadmap to increase
the adoption of fuel-cell electric vehicles (FCEVs) in the country.
It aims to produce 6.2 million FCEVs and build 1,200 hydrogen
refilling stations across the country by 2040. It also aims to have
80,000 FCEVs on the country's roads by 2022, up from a previous
target of 65,000 by that year. By 2030, it aims to have 1.8 million
FCEVs on the roads. In a bid to achieve its targets, the government
will provide subsidies for fuel-cell electric taxis and trucks and
will work with local governments to increase the number of
fuel-cell electric buses to 2,000 by 2022. Hydrogen buses will be
available in seven major cities - Asan, Busan, Changwon, Gwangju,
Seosan, Seoul, and Ulsan - in 2019, according to the Ministry of
Land, Infrastructure, and Transport. The government also plans to
start replacing all 820 police buses in the country with fuel-cell
electric buses in 2021. The subsidies are expected to drive up
production capacity and lower costs to around KRW30 million
(USD26,674) by 2025, half the price of an FCEV in today's market.
Furthermore, the government also aims to gradually replace most
buses, trucks, and construction equipment that use conventional
combustion engines with hydrogen-powered models by 2035. The
roadmap is in line with the government's plan to reduce greenhouse
gas emissions, generate new growth momentum for its automotive
industry, and reduce its heavy reliance on imported oil. South
Korea relies on oil imports from the Middle East for most of its
energy needs. Hydrogen fuel has the strong potential to revive
sluggish manufacturing businesses, including small and medium-sized
companies, which in turn will create new jobs. The government aims
to bring in fresh investment and create jobs in traditional
industries such as steel production, petrochemicals, and mechanical
engineering through the roadmap.
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May 13
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