Seoul's Initiative: Advancing Hydrogen Fuel-Cell Vehicles for a Greener Future
Key Ideas
- Seoul Metropolitan Government offers ₩29.5M subsidies to support 160 hydrogen passenger cars for environmental and economic benefits.
- Incentives include tax reductions, toll exemptions, and discounts on public parking fees to promote the adoption of hydrogen fuel-cell vehicles.
- Hyundai NEXO SUV, with a range of 609 km per charge, is eligible for the subsidy to accelerate the establishment of a hydrogen mobility ecosystem.
- Application process for subsidies is easy through hydrogen vehicle manufacturers and dealers, aiming to boost the shift towards eco-friendly transportation.
The Seoul Metropolitan Government (SMG) is taking bold steps to incentivize the adoption of hydrogen fuel-cell vehicles as part of its efforts to achieve carbon neutrality by 2050. By offering substantial subsidies totaling ₩29.5 million per vehicle, the city aims to support the purchase of 160 hydrogen passenger cars. These incentives not only cover a significant portion of the purchase cost but also include tax reductions, toll exemptions, and discounts on public parking fees. The initiative comes in response to the transportation sector's contribution of 17.6% to Seoul's greenhouse gas emissions, highlighting the urgency for sustainable mobility solutions.
One of the key beneficiaries of the subsidy is the Hyundai NEXO SUV, known for its impressive range of 609 km per charge. This move aligns with SMG's vision to establish a robust hydrogen mobility ecosystem in the city. Alongside the financial support, purchasers of hydrogen cars can also enjoy additional benefits such as tax reductions up to ₩6.6 million and exemptions from Namsan Tunnel congestion tolls, further encouraging the shift towards eco-friendly transportation.
To streamline the subsidy application process, hydrogen vehicle manufacturers and dealers will handle the necessary procedures, simplifying the steps for interested buyers. The initiative is set to kick off on January 20, emphasizing the importance of prompt action in transitioning towards sustainable urban mobility. The SMG's proactive approach not only addresses environmental concerns but also paves the way for economic benefits and a greener future for Seoul's residents.