Secured legal basis for subsidies for fuel for hydrogen vehicles

Passed the plenary session of the National Assembly on amendments to the Passenger Vehicle Transportation Business Act

‘Local government heads subsidize hydrogen subsidies to transport operators’

[지앤이타임즈]A legal basis has been established to subsidize the fuel cost of hydrogen vehicles.

The National Assembly held a plenary meeting on the 26th and passed the revised bill of the Passenger Vehicle Transportation Business Act.

The government, which is driving the hydrogen economy, is evaluating the new economic and industrial structure that uses hydrogen as its main energy source as a fundamental alternative that can solve various problems that appear in the carbon-centered economic and industrial structure such as greenhouse gases and fine dust.

However, in the case of Korea, hydrogen production or storage/transport systems have not yet been advanced, and the fact that hydrogen prices are higher than existing energy sources such as oil and natural gas is recognized as one of the obstacles to the expansion.

In this regard, it has been pointed out that transportation companies need price subsidies for hydrogen fuel in order to actively purchase and operate hydrogen vehicles, and the government plans to promote a pilot project to provide fuel subsidies for hydrogen vehicles starting this year.

In the 4th Basic Plan for Eco-Friendly Vehicles, a pilot project to provide fuel subsidies for approximately 200 hydrogen buses, expand to all hydrogen buses next year, and pay fuel subsidies for hydrogen taxis and trucks in 2023 Confirmed.

However, since there is no legal basis for paying fuel subsidies, it has been seeking to revise the passenger vehicle transportation business law, and this time it has crossed the threshold of the National Assembly.

In the revised law, it is stipulated that’a new hydrogen fuel subsidy system will be established that allows the head of a mayor or county to subsidize all or part of the costs required for hydrogen charging of hydrogen electric vehicles to transport operators prescribed by Presidential Decree.

It also stipulated how to prevent the illegal supply and demand of fuel subsidies.

Meanwhile, the revised law takes effect six months after the promulgation.

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