While the first hydrogen-powered Tucson FCVs left the docks in California in the last week of May, Hyundai knows the vehicles aren’t meant to add to the company’s bottom line, but are meant to garner credits for future use.
Ward’s Auto reports the Korean automaker will earn as much as 26 CARB credits for every Tucson FCV leased through 2017, each vehicle equal to $130,000 in credit. Fuel cell boss Byung Ki Ahn believes his company could then sell those credits to automakers in need of offsetting their carbon footprint, though Hyundai has no plans on the table to do so at this time, preferring to use the credits for themselves for less compliant vehicles of their own design.
In addition, the ZEV credits bestowed upon Hyundai’s hydrogen dream is more than than what EVs earn under California’s credit scheme, which earn less than half of what fuel-cell vehicles garner per unit sold. Ahn has no qualms with the scheme, though, viewing the credit market as “a good business model” for Hyundai and subsidary Kia to follow.