Hyundai Motor Group has announced Hydrogen Vision 2040 at the Hydrogen Wave forum as it looks to popularise hydrogen by 2040.

Hydrogen Wave represents the company’s plans for a new wave of hydrogen-based products and technologies toward a hydrogen society

The group is to introduce next-generation fuel cell system – 100kW and 200kW variations – in 2023 with costs being lowered by more than 50%, total package volume reduced by 30% and power output doubled.

Hyundai is set to become the first automaker to apply fuel cell systems to all commercial vehicle models by 2028, and plans to achieve a fuel cell electric vehicle (FCEV) price point comparable to a battery electric vehicle (BEV) by 2030.

The company says it will apply fuel cell systems to all types of mobility and furthering the technology to all other aspects of society including homes, buildings and powerplants as energy solutions.

“Hyundai Motor Group’s vision is to apply hydrogen energy in all areas of life and industry such as our homes, work-places and factories,” group chairman Euisun Chung said.

“The goal is to make hydrogen readily used for everyone, everything, and everywhere. We want to offer practical solutions for the sustainable development of humanity and with these breakthroughs, we aim to help foster a worldwide Hydrogen Society by 2040,” he said.

“The vision for Hyundai Motor Group is that by 2040 hydrogen energy will be used not only for transportation but will also be applied to wider areas of industries and sectors.”