South Korea plans to invest USD2.3 billion for developing FCEV ecosystem
Government aims at building 310 hydrogen stations, which will supply fuel to 16,000 FCEVs, by 2022
The South Korean government and private entities are set to invest KRW2.6 trillion (around USD2.3 billion) through public-private partnership to speed up development of hydrogen fuel cell electric vehicle (FCEV) ecosystem in the country by 2022, South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced in a press release on 25 June.
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