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How much hydrogen should be supplied in the transportation market? Focusing on hydrogen fuel cell vehicle demand in South Korea

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  • Park, Changeun
  • Lim, Sesil
  • Shin, Jungwoo
  • Lee, Chul-Yong

Abstract

Since the Paris Agreement, there has been a global, active transition from internal combustion engine to alternative-fuel vehicles. Accordingly, countries have established long-term low-carbon development strategies, and the transport sector has developed strategies to adopt hydrogen fuel cell electric vehicles (HFCVs). South Korea has also established policies to revitalize the hydrogen ecosystem and increase the adoption of HFCVs. However, although the country has proposed a HFCV diffusion plan and a target, there has been no adequate hydrogen supply plan. Prior to the diffusion of HFCVs, it is necessary to establish a hydrogen supply plan and forecast hydrogen demand. Thus, this study forecast the demand for HFCVs using the Bass, logistic, and Gompertz models, and the analogy method. The demand for HFCVs in 2040 was then forecast for three scenarios by altering the diffusion rate, and the annual hydrogen demand and daily hydrogen demand per charging station were forecasted. The results show that the daily hydrogen demand per hydrogen station is expected to reach 1 to 2.3 tons by 2040. These findings can be used to establish policies to expand the capacity and infrastructure of hydrogen stations.

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  • Park, Changeun & Lim, Sesil & Shin, Jungwoo & Lee, Chul-Yong, 2022. "How much hydrogen should be supplied in the transportation market? Focusing on hydrogen fuel cell vehicle demand in South Korea," Technological Forecasting and Social Change, Elsevier, vol. 181(C).
    • Handle: RePEc:eee:tefoso:v:181:y:2022:i:c:s004016252200275x
    DOI: 10.1016/j.techfore.2022.121750
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    3. Zhu, Min & Dong, Peiwu & Ju, Yanbing & Li, Jiajun & Ran, Lun, 2023. "Effects of government subsidies on heavy-duty hydrogen fuel cell truck penetration: A scenario-based system dynamics model," Energy Policy, Elsevier, vol. 183(C).
    4. Geetha Palani & Usha Sengamalai & Pradeep Vishnuram & Benedetto Nastasi, 2023. "Challenges and Barriers of Wireless Charging Technologies for Electric Vehicles," Energies, MDPI, vol. 16(5), pages 1-47, February.
    5. Shen, Liyin & Chen, Ziwei & Dou, Xin & Xu, Xiangrui & Cao, Zeyu & Liao, Shiju, 2024. "Restricting factors for promoting electric vehicles: Evidence from China," Transport Policy, Elsevier, vol. 148(C), pages 234-245.
    6. Zhang, Hong & Yuan, Tiejiang, 2022. "Optimization and economic evaluation of a PEM electrolysis system considering its degradation in variable-power operations," Applied Energy, Elsevier, vol. 324(C).
    7. Hyun Kyu Shin & Sung Kyu Ha, 2023. "A Review on the Cost Analysis of Hydrogen Gas Storage Tanks for Fuel Cell Vehicles," Energies, MDPI, vol. 16(13), pages 1-36, July.
    8. Danlu Xu & Zhoubin Liu & Jiahui Zhu & Qin Fang & Rui Shan, 2023. "Linking Cost Decline and Demand Surge in the Hydrogen Market: A Case Study in China," Energies, MDPI, vol. 16(12), pages 1-13, June.

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