e big two auto makers that seek to dominate the hydrogen-powered car market, Hyundai Motor and Toyota, are struggling to expand supply.
Even though hydrogen-powered vehicles have enough potential to be called the “ultimate eco-friendly car,” they have difficulties in spreading due to high cost and a lack of proper infrastructure. In particular, Hyundai Motor is suffering more because of less government funding in comparison with Japan.
According to industry sources, Toyota currently sells the Mirai fuel cell vehicle at a price of US$57,500 (62.34 million won) in the U.S. It is almost twice as expensive as an average medium-sized sedan. When leasing the Mirai, consumers should pay US$499 (540,000 won) a month. Based on the lease price, it is almost three times higher than that of Toyota’s new Corolla.
Hyundai Motor sells the Tucson ix for 85 million won (US$76,937) in the domestic market. The company lowered its price by 43.3 percent from the previous price of 150 million won (US$135,771). However, individual customers do not purchase the model, since they cannot receive subsidies from the government. The Tucson ix is available at the price of US$499 (551,295 won) a month with a deposit of US$2,999 (3.31 million won) in the U.S.