Hyundai Initium Is Car Maker's Next Bet On A Hydrogen Future

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hyundai initium is car makers next bet on a hydrogen future

The vehicle, unveiled Thursday, has a target driving range of over 650km on a single refuelling, compared with 609km for the Nexo, the South Korean carmaker's first hydrogen-based SUV, according to a statement. The vehicle can also be connected to a household's electricity supply to act as a backup source of power, the company said.

While hydrogen cars have failed to gain traction - the production of the gas using renewable energy sources isn't yet commercially viable on a large scale and it is difficult to transport, store and dispense - Hyundai is pushing heavily into the carbon-free alternative fuel.

During an investor day in August, Hyundai pledged to invest some US4-billion over the next decade to build a future around hydrogen to meet its net zero target by 2045 and become carbon neutral across all stages of production and operation.

Ever since the release of the Nexo in 2018, Hyundai has remained a big proponent of hydrogen while global car makers more broadly have focused on battery-powered electric vehicles.