South Korea outlined a plan on Tuesday to spend 114.1 trillion won (£75.38 billion, $85 billion) on a “New Deal” to create jobs and help the economy recover from the coronavirus fallout, anchored in part by “green” investment in electric vehicles and hydrogen cars.
Launches New Solid Oxide Electrolyzer Product for Renewable Hydrogen Production Scheduled for Commercial Deployment in 2021; Projects Cost Parity with Gasoline
The final fleet composition – 67 fixed route fuel-cell buses, 18 fixed route battery-electric buses and 39 paratransit fuel-cell vehicles – was determined to maximize performance and minimize cost.
There have been many false dawns for hydrogen. The successful expansion in renewables would not have come without government support at the beginning. Ultimately it will need to be up to industry to determine whether hydrogen finally fulfils its promise, but this alliance could prove a start.