South Korean Government Betting on Hydrogen Cars to Spark Economy
It will be interesting to see if hydrogen fuel cell car technology takes off in South Korea or not:
The government hopes the so-called hydrogen economy will create 420,000 jobs by 2040.
Joong Ang Ilbo
On Thursday, the government laid out a roadmap to making hydrogen-related technologies a key new growth engine for Korea.
The government wants to boost the hydrogen economy, which is currently valued at 1 trillion won ($890 million), to 16 trillion won in 2022, 25 trillion won by 2030 and 43 trillion won by 2040. Jobs in the industry are supposed to grow from the current 10,000 to 100,000 in 2022 and 200,000 in 2030.
At an event in Ulsan attended by President Moon Jae-in, Trade, Industry and Energy Minister Sung Yun-mo and the Hyundai Motor Group heir apparent and vice chairman, Chung Eui-sun, the government described plans to raise the sales of hydrogen fuel cell electric vehicles (or FCEVs) to 810,000 units in total by 2022. That figure includes 670,000 sold in the local market and 14,000 units exported. This year alone, the government is hoping for more than 4,000 FCEV unit sales.
You can read more at the link, but the big problem with hydrogen fuel cells cars in the fueling infrastructure to support them. It is very expensive to open a hydrogen fuel cell station compared to a gas station or even an electrical vehicle charging station.
So considering the average Korean does not want their child to have to toil in anything like manual labor, they are going to build these with robots and all the employees will operate the same robots? It’s an emerging technology it will only survive if the public embraces it, ask the folks with Betamax machines or Intellivision game consoles.
Alternative Energy plans only work with government subsidies. Period.
I can’t wait for the first news headlines when one of them explodes from Korean driving negligence.
The Hyundai Hindenburg set to explode onto the world market!!!!
Actually like hydrogen fuel cell vehicles. Just don’t make them with those earth killing batteries and it will be better.
@Flyingsword , The first sentence of your statement made me laugh out loud for the first time in a week. Thank You.
Glad to help
The Hyundai Hindenburg will have stiff competition from the Kia Fukushima Reactor Number Three.