South Korea is betting big on hydrogen. The country is moving at scale and speed to develop a hydrogen economy, with incentives and initiatives to encourage the production, import and consumption of hydrogen. Although hydrogen has a wide variety of applications, Korea is giving the highest priority to the mobility and power generation spaces. The country’s largest automotive company, Hyundai Motors, launched the world’s first commercial fuel cell electric vehicle (FCEV) in 2013 and the first fuel cell truck in 2020, and the country accounts for fully one-third of the world’s installed capacity of utility-scale stationary fuel cells.
Passenger mobility
Commercial FCEVs
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