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Hyundai Motor Group Executive Vice Chairman Identifies Key Steps to Accelerate Transition to Hydrogen Society

SEOUL, January 21, 2019Hyundai Motor Group Executive Vice Chairman (EVC) and Hydrogen Council Co-chair Euisun Chung has identified three key steps to accelerate the transition to a hydrogen society during the Hydrogen Council’s third annual CEO Meeting in Paris, France.

EVC Chung opened the meeting stressing that there is “no shortcut to creating a future hydrogen society,” emphasizing that it is essential to establish detailed implementation plans for respective sectors and different stages of the industry’s development. To achieve this, the EVC recommended three key action items: reduce cost through technological innovation, create a comprehensive safety management system and foster broad acceptance of hydrogen.

As a first step, EVC Chung recommended achieving cost reductions through technological innovation in all sectors of the hydrogen industry.

New Report: Hydrogen Cost Projected to Fall Sharply and Sooner than Expected

Yesterday, the Hydrogen Council published a new report, Path to Hydrogen Competitiveness: A Cost Perspective, demonstrating that the cost of hydrogen solutions will fall sharply within the next decade, sooner than previously expected.

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Jan 23, 2020 at 22:06