Deputy Prime Minister and Minister for Economy and Finance Hong Nam-ki said that the government will increase the number of hydrogen fuel cell electric vehicles (FCEVs) in use in Korea from about 2,000 in 2018 to 80,000 units in 2022.
Hong disclosed the plan during the first innovation growth strategy meeting with economy ministers held at the Yangjae R&CD Innovation Hub in Seoul on Jan. 15.
At the meeting, the participants discussed plans to promote the data and artificial intelligence (AI) economy, expand the supply of FCEVs and propel big innovation.
Hong said, “We will secure the top position in the global future car market based on our strengths in FCEVs and fuel cells.” He said that the government will come up with a strategy that covers a wide range of hydrogen economy issues, including production, storage, transport and utilization of hydrogen, to dominate global markets. It will also increase the number of FCEVs on the roads from 1,800 in 2018 to 80,000 in 2022 to improve the utilization of hydrogen.
The detailed plans to boost the hydrogen economy will be announced in a meeting to be presided over by President Moon Jae-in on Jan. 17.