Demand for hydrogen fuel in South Korea’s transportation sector will jump 64 percent in 2024 from a year earlier, driven by the rising number of hydrogen-powered buses in the country, data showed Friday. According to the data compiled by the Ministry of Trade, Industry and Energy, demand for hydrogen fuel in South Korea’s transportation sector reached 9,499 tons this year, compared with 5,791 tons a year earlier.
In July of this year, the South Korean government announced that the number of hydrogen fuel cell buses registered in the country had reached 1,000, a significant increase from 650 the previous year. The government plans to increase this number to 20,000 by 2030.