Can Hyundai achieve EV prices for fuel cell cars by 2030?

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Hyundai Aims for Electric Vehicle Price Parity for Fuel Cell Cars by 2030

Hyundai plans to offer fuel cell automobiles at prices comparable to electric vehicles by 2030. This ambitious target is underpinned by significant advancements in their fuel cell technology, with the third generation set to be half the price, considerably smaller, and more powerful starting in 2023. The company's overarching vision is to integrate hydrogen into daily life across all sectors, fostering a global hydrogen society by 2040.
Advancements in Fuel Cell Technology

Beginning in 2023, Hyundai will introduce its third generation of fuel cell technology. These new systems are designed to be half the cost of previous generations, while also boasting a reduced physical footprint and enhanced power output. These improvements are crucial steps towards making hydrogen-powered vehicles more economically viable and practical for widespread adoption.
Broader Hydrogen Society Vision

Hyundai President Euisun Chung has articulated a clear objective: to ensure hydrogen is accessible and utilized by everyone, for every purpose, and in every location. This vision extends to fostering a global hydrogen society by the year 2040. This long-term strategy indicates a deep commitment to hydrogen as a key component of future energy solutions beyond just automotive applications.
Phased Roll-out of Hydrogen Powertrains

Beyond passenger cars, Hyundai is accelerating its hydrogen development across its entire vehicle lineup. The manufacturer has set a target to equip all its vehicles with hydrogen-powered engines by 2028. This comprehensive approach includes exploring innovative concepts, such as the Vision FK sports car, which combines fuel cell and electric battery power to achieve impressive performance metrics and a substantial driving range.

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Can Hyundai achieve EV prices for fuel cell cars by 2030?

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