Fuel Cell Hyundai & Kia Cars to Cut Prices by 50% by 2020


Hyundai Motor Group and its affiliate Kia Motors will reduce the current prices of fuel cell hydrogen electric vehicles by 40-50 percent by 2020.

Lee Gi-sang, senior executive of Hyundai Motor Group, said this on May 4 in a keynote speech in the 28th International Electric Vehicle Symposium and Exhibition (EVS 28) held at Kintex Exhibition Center in the northwest of Seoul.

He also said, “We will come up with a total of 22 environmentally friendly car models including two fuel cell Hyundai & Kia cars by 2020 while at the same time cutting the prices by more than 40-50 percent from the current level.” “We will make concurrent efforts to develop all-electric vehicles while working on fuel cell car development,” he added.

He also mentioned the need for government support as a way to kickstart the eco-friendly vehicle market by saying, “In order to expand the social infrastructure and raise the price accessibility, the automobile industry definitely needs the government’s help.”

The current line-up of Fuel Cell Hyundai & Kia cars had only one member, the Tuscon FCEV, while Kia had two EV, the Soul and the Ray boxes. Hyundai currently offers the Tucson Fuel Cell in the Los Angeles/Orange County region for $499 per month for a 36-month term, with $2,999 down. This includes the addition of a remarkable new addition to the Hyundai Assurance program –unlimited free hydrogen refueling. Fuel Cell Hyundai

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