South Korea’s Finance Minister Yoo Il-ho has announced a government plan to replace the country’s approximately 26,000 compressed natural gas (CNG) buses with hydrogen-powered vehicles. Part of the plan, which will be carried out together with South Korean automaker Hyundai, is to replace 2,000 CNG buses with hydrogen-powered buses per year and install hydrogen fuel pumps at some CNG filling stations nation- wide. To further promote the technology, the government will also welcome the installation of hydrogen pumps at existing stations and encourage business initiatives that develop equipment for hydrogen vehicles. This initiative has been the result of the car industry’s requests to deregulate the hydrogen energy sector in the country. “The distribution of hydrogen electric buses will contribute to the growth of other related industries too as they need more than twice as many parts as other hydrogen electric cars like sedans and SUVs,” Hyundai Motor president Chung Jin-haeng said.
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