SEOUL, Mar. 4 (Korea Bizwire) — The number of eco-friendly car registrations in South Korea surpassed that of liquefied petroleum gas (LPG) models for the first time last year, according to data Monday. According to data from the Ministry of Land, Infrastructure and Transport, cumulative registration of domestic eco-friendly cars, such as hybrids, electric and [...]
ULSAN, May 15 (Korea Bizwire) — The Ulsan Metropolitan Government said Sunday it has been selected by the Ministry of Trade, Industry and Energy for a project aimed at ensuring the performance and safety of primary components for electric and hydrogen cars. This project facilitates collaboration between local governments specializing in hydrogen and electric vehicle [...]
SEOUL, Jan. 31 (Korea Bizwire) — The government confirmed Monday this year’s subsidy plans to promote the purchase of hydrogen-powered cars. The Ministry of Environment announced that 16,920 hydrogen fuel cell vehicles will qualify for subsidies this year, including 16,000 passenger cars, 700 buses and 200 trucks and garbage trucks. Individuals and businesses can receive [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea plans to increase budgetary support for the purchase of electric and hydrogen cars by around 30 percent this year in a bid to nurture the next-generation vehicle sector, the finance minister said Friday. The country has set the non-memory chip, bio-health and next-generation vehicle sectors as the [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped the global hydrogen vehicle sales in the first nine months of the year on rising demand for the Nexo model, data showed Monday. In the first nine months, Hyundai Motor sold a total of 4,917 hydrogen fuel cell electric vehicles, accounting for 74 [...]
SEOUL, Sept. 23 (Korea Bizwire) — A number of politicians have adopted the use of hydrogen powered vehicles, in a bid to boost their ‘green’ credentials. A total of three out of 297 vehicles of lawmakers were hydrogen cars, according to the National Assembly Secretariat on Sunday. Rep. Kim Sung-hwan and Rep. Song Gab-seok of [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to install 1,200 hydrogen charging stations across the country by 2040 in line with its vision to utilize hydrogen as the main source of energy for Asia’s No. 4 economy. In a bid to promote awareness of hydrogen charging stations, the [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea on Monday said it will allow Hyundai Motor Co. to set up a hydrogen charging station in parliament for fuel cell electric vehicles in a symbolic gesture that underscores Seoul’s commitment to boosting the hydrogen economy. Hyundai Motor, the world’s first mass-producer of hydrogen fuel cell electric [...]