Korean auto major Hyundai Motor Company (HMC) is investing in developing both battery electric (BEV) and fuel cell vehicles (FCV) to meet more stringent emission standards, which are expected to be implemented in the future.
“Both battery electric and fuel cell vehicles will co-exist in future…With regulations over CO2 emissions becoming more and more stringent, automakers will be forced to invest in fuel cell technology going ahead to meet set standards,” said SH Kim, VP, Namyang R&D Centre, HMC.
Kim elaborated BEVs and FCVs will both compete in the 400-800 km range in the future. As of now, while it is cheaper to use BEVs when travelling for less than 400 km, FCVs are more economical beyond 800 km. In the commercial vehicle segment, however, even in the range of 100 km, FCVs are more ‘advantageous’.
Hyundai — which showcased and gave a demonstration of Fuel Cell Vehicle Nexo to Prime Minister Narendra Modi in the capital on the sidelines of the India-Korea Business Summit jointly organised by Confederation of Indian Industry (CII) and Department of Indian Policy and Promotion (DIPP) on Tuesday — did not specify a timeline for introducing fuel cell vehicles in India.
Source: Economic Times