China has launched a pilot program to accelerate the development and large-scale application of green hydrogen energy, aiming to drive technological innovation and establish hydrogen power as a new growth driver for the economy.

According to a circular issued last week by three government departments, including the Ministry of Industry and Information Technology, the country aims to have 100,000 fuel cell vehicles on the road by 2030, double the 2025 level.

It has also set a goal of cutting end-user hydrogen prices to below 25 yuan ($3.63) per kilogram by 2030 and around 15 yuan in some regions.