The South Korean car manufacturer Hyundai currently only offers a few hydrogen cars in its fleet. But this is set to change in the coming years, since the company is planning to start manufacturing hydrogen cars.
The South Korean car manufacturer Hyundai has announced its plan that it's calling "FCEV Vision 2030". Instead of betting on electromobility like many other manufacturers, the company is stepping up its commitment to hydrogen cars and wants to become the world market leader in this field.
The announcement states that 500,000 fuel cells will be built annually for vehicle use by 2030. Around 200,000 further hydrogen cells are to be produced annually for commercial vehicles such as forklifts and excavators as well as ships. Overall, Hyundai wants to achieve a market share of 25 percent.
"The Hyundai Motor Group, the worldwide pioneer of commercial production of FCEV, is taking a bold step towards the realization of a hydrogen society. We will extend our role beyond the car transport sector and play a key role in the transition of global society to clean energy by helping to make hydrogen an economically viable source of energy. We are confident that the supply of hydrogen power will grow beyond the transport sector and become one of the world's leading economic successes".
The company will invest the equivalent of around 7 billion dollars in research and development and the construction of new factories in the coming years. This is expected to create 51,000 new jobs by 2030. The fuel cells will mainly be used in Hyundai, Kia and Genesis vehicles, but will also be sold to competitors including Toyota, Honda and Daimler.
Models that are suitable for everyday use and freely available for sale are already on the streets.
At the beginning of the year, Hyundai introduced Nexo, the second generation of its FCEVs (Fuel Cell Vehicles). Compared to first-generation vehicles from 2013, such as the Hyundai Tucson FCEV, the new models are lighter, offer more space in the driver's compartment and better energy conversion.
Compared to electric cars with batteries, hydrogen cars can be refueled much faster. With a large tank it is also easier and cheaper to achieve more range than with a battery of comparable size.
There are, however, even fewer filling stations for hydrogen vehicles than there are for electric vehicles. For this reason, experts see the future of hydrogen technology in local urban transport, such as in buses, taxis and small delivery vehicles.
Hydrogen, electric, or a classic combustion engine? What's your favorite and which system will lead the way in the future?