Jakarta – South Korea held the world’s first hydrogen mobility event on Wednesday, July 1, 2020, local time. More than 100 companies and research institutes from 11 countries participated in the H2 Mobility + Energy Show at the exhibition center in Ilsan, north of Seoul.

The event, which is to campaign for hydrogen cars, also discusses ways to spread hydrogen energy and seeks business opportunities related to hydrogen.

In the opening ceremony, Prime Minister Chung Sye-kyun said the government would provide subsidies to consumers to improve hydrogen fuel cell electric vehicles and hydrogen-related businesses.

Yonhap News Agency on Thursday reported that South Korea has sought to reduce reliance on conventional energy sources such as fossil fuels, and is moving toward sustainable resources by utilizing renewable energy such as hydrogen, sunlight and wind.

“The government has a goal to produce hydrogen energy using more than 30 percent of the additional electricity generated based on renewable energy sources starting in the 2040s,” Chung Sye-kyun said.

The electric car that uses hydrogen fuel cells only emits water vapor and converts stored hydrogen into electrical energy to convert the motor from that vehicle.

Hydrogen can be produced by processing liquefied natural gas or as a byproduct of industrial facilities, including petrochemical plants.

South Korea, aiming to double its market share of electric and hydrogen-powered vehicles worldwide, is up 10 percent by 2030.

To help make that happen, South Korea distributes zero-emission vehicles and autonomous cars across the country. The government also plans to inject 2.2 trillion won of funds by 2030, to create a separate private sector and invest 60 trillion won in future vehicles, technology and related facilities.

“Hyundai Motor Group will take 41 trillion won, or 68 percent of 60 trillion won, under a government-led future mobility plan,” the commerce ministry said.

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Gallery of Latest Hydrogen Car Technology On Display in South Korea