Global sales of hydrogen energy vehicles decline, and the Korean market suffers a severe blow

News on September 12 showed that sales in the global hydrogen energy vehicle market declined significantly from January to July this year. According to South Korea's "Kyunghyang Shimbun" report, globally, only 9,619 new hydrogen energy vehicles were sold during this period, a year-on-year decrease of 9.6%. In South Korea, sales in the first seven months of this year dropped sharply, with only 3,390 units, a 38.7% decrease from the same period last year. There are various reasons for the decline in hydrogen energy vehicle sales. First of all, compared with electric vehicles, the choice of hydrogen energy vehicles is relatively limited. Even the leader in the field of hydrogen energy vehicles, Hyundai Motor Company's car model "NEXO" and bus model "Elec City" sales also dropped 40% in the first seven months of this year. Toyota hydrogen vehicles ranked second, but only sold 2,884 units during the same period.

In addition, according to the editor’s understanding, the development of the hydrogen energy vehicle market is restricted by insufficient supporting facilities and high usage costs. Li Hengjiu, president of the Korea Automotive Integration Technology Institute, pointed out that it takes about 30 days to build a hydrogen energy charging station. 100 million won in funds, which is unaffordable for ordinary companies. Therefore, the government’s active promotion and investment will be an important way to solve this problem.

Faced with this situation, the industry needs to take a long-term perspective Let’s look at the strategic competition in the automobile industry. In the absence of insufficient infrastructure, the competition between hydrogen energy vehicles and electric vehicles faces huge challenges. Future development requires more policy support to promote the growth of the hydrogen energy vehicle market , and at the same time, it is also necessary to continuously reduce related costs to make this sustainable energy technology more attractive

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