Hydrogen Dreams, Fiscal Nightmares: South Korea’s Stubborn Bet on FCEVs - CleanTechnica

The article "Hydrogen Dreams, Fiscal Nightmares: South Korea’s Stubborn Bet on FCEVs" from CleanTechnica highlights the sharp global decline in hydrogen fuel cell vehicle (FCEV) sales in 2025, with fewer than 9,000 units sold worldwide in the first nine months—a drop from nearly 10,000 in the same period of 2024. China, once a major market for hydrogen buses and trucks, experienced a 45% sales collapse. In contrast, South Korea is the only country showing an increase in hydrogen car sales, largely driven by Hyundai’s updated Nexo model, which accounted for over half of global FCEV sales in 2025. However, despite this growth, Nexo sales in South Korea remain small compared to battery-electric vehicles (BEVs), with about 3,500 Nexos sold versus 120,000 BEVs in the same period. The article argues that South Korea’s hydrogen vehicle market growth is not due