While most automakers are focusing on new long range electric vehicles, Hyundai still sees a future for fuel cell vehicles. Hyundai has announced that it’s investing at least $6.7 billion to bring a range of Hyundai and Kia fuel cell vehicles to life by 2030.
The massive investment is part of Hyundai’s long-term roadmap ‘FCEV Vision 2030’ plan, which will see the automaker be able to produce 700,000 fuel cell vehicles a year.
“Hyundai Motor Group, the global pioneer of the commercial production of FCEV, is taking a bold step forward to expedite the realization of a hydrogen society,’’ said Euisun Chung, Executive Vice Chairman of Hyundai Motor Group. “We will expand our role beyond the automotive transportation sector and play a pivotal role in global society’s transition to clean energy by helping make hydrogen an economically viable energy source. We are confident that hydrogen power will transcend the transportation sector and become a leading global economic success.”
Right now it remains to be seen if fuel cell vehicles will ever be as popular as a conventional electric car, since the lack of infrastructure. Hyundai has introduced the new Nexo fuel cell crossover, which has a longer driving range than the Honda Clarity Fuel Cell and the Toyota Mirai. Kia is also expected to get a hydrogen-powered fuel cell vehicle by 2020.