Hydrogen is becoming cheaper - and hydrogen production is likely to get rid of its image of poor energy efficiency. Euisun Chong, vice chairman of the Hyundai Motor Group and co-chair of the Hydrogen Council, has announced a series of measures to promote hydrogen propulsion. According to media reports, these include cost reductions through technical innovations, the establishment of a safety management system and various political measures.
The Hydrogen Council has published a report that expects the cost of hydrogen solutions in a wide range of applications to fall by 50% by 2030. This could make hydrogen significantly more competitive - not only with respect to battery electric propulsion, but in some cases even with respect to conventional options, it says.