Doosan Fuel Cell Company Enters South Korean Bus Market with Hydrogen-Powered Models
Key Ideas
- Doosan Fuel Cell Company's subsidiary, HyAxiom Motors, has developed two hydrogen fuel cell-powered bus models undergoing certification in South Korea.
- South Korea's Ministry of Environment is providing subsidies to transition buses to FCEVs, aiming to introduce 21,000 units by 2030 and targeting 2,000 FCEV bus sales in 2025.
- FCEVs are seen as a promising alternative to BEVs for larger commercial vehicles, offering a range of over 500 km and the convenience of refueling at hydrogen-equipped gas stations.
- The move towards FCEVs aligns with government efforts to reduce carbon emissions and decrease dependence on imported fossil fuels in South Korea's transportation sector.
Doosan Fuel Cell Company Ltd's commercial vehicle subsidiary, HyAxiom Motors, is set to venture into South Korea's bus market with two hydrogen fuel cell-powered bus models undergoing certification. Established by Doosan Fuel Cell's US subsidiary, HyAxiom Motors is awaiting approval for its 11-meter low-floor city bus and high-floor inter-city model from the South Korean Ministry of Environment and the Korea Gas Safety Corporation. South Korea's Ministry of Environment is incentivizing the shift to FCEVs by offering substantial subsidies to convert the bus fleet, aiming to introduce 21,000 FCEV units by 2030, with a target of 2,000 FCEV bus sales in 2025. FCEVs are viewed favorably in the automotive industry as a practical choice for larger commercial vehicles due to their extended range of over 500 km and the ability to refuel at hydrogen-equipped gas stations, presenting a competitive advantage over BEVs. This transition aligns with the government's environmental policies to mitigate carbon emissions and reduce reliance on fossil fuels, marking a significant step towards cleaner and sustainable transportation in South Korea.
Topics
Certification
Clean Energy
Carbon Emissions
Automotive Industry
Commercial Vehicles
Government Subsidies
Alternative Fuel
Environmental Policies
Certification Procedures
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