Korea presents roadmap for building an H2 economy

17 January 2019: A new plan by the South Korean government to build a hydrogen economy includes a massive increase in fuel cell vehicles produced in the country. While only about 2,000 such vehicles were built by 2018, the number is expected to rise to 100,000 by 2025. By 2040, another sharp increase to a total of 6.2 million BZ vehicles is planned, of which 3.3 million are to be exported. This government wishes to achieve this, among other measures, through an expansion of the infrastructure: The number of hydrogen filling stations is expected to increase from 14 last year to 310 by 2022 and to 1,200 by 2040. In addition, the government plans to reduce the average price of an H2 vehicle by subsidies to 35 million won (around 27,000 euros). Also, hydrogen should be significantly cheaper: The aim is to cut costs from currently around 8,000 to 3,000 won per kilogram (6.25 to 2.34 euros per kg) by the year 2040.,