- Incentivizing hydrogen fuel-cell vehicles to achieve 2050 carbon neutrality goals with subsidies for passenger car starting Mon, Jan. 20
- Supporting 160 hydrogen passenger cars: ₩29.5M subsidies to cover approx. ₩70M purchases
- Additional benefits include tax reductions (₩6.6M), toll exemptions, and more
The Seoul Metropolitan Government (SMG) announced its plans to establish a hydrogen mobility ecosystem to improve the transportation sector, which accounts for 17.6% of the city’s greenhouse gas emissions. The initiative includes subsidies for hydrogen car purchases, tax reductions, as well as an expansion of hydrogen charging stations.
Eligible for the subsidy is the mid-size sport utility vehicle (SUV) Hyundai NEXO. A total subsidy of ₩29.5 million per vehicle will be supported from both national and city funds.
| Automaker | Powertrain | Range | Charging time | Price | Fuel efficiency (km/kg) |
|---|---|---|---|---|---|
| Hyundai Motor Company | Hydrogen fuel cell | 609 km (6 kg) per charge | 5 min. | Approx. ₩70M | 17” tire: 96.2 19” tire: 93.7 |
In addition to the subsidy, hydrogen car purchasers will receive various benefits such as tax reductions (up to ₩6.6 million), discounts on public parking fees, and exemptions from Namsan Tunnel congestion tolls.
The subsidy application process will be handled by hydrogen vehicle manufacturers and dealers, and purchasers only need to finalize their contracts starting Mon, Jan. 20. However, the vehicle must be deliverable within two months of the application date.
For details, contact 120 Dasan Call Center by phone (02-120) or visit the Korea Environment Corporation’s integrated zero-emission vehicle website (ev.or.kr).
