Just a couple of years ago, most car-industry estimates were that a hydrogen-powered vehicle would cost $ 1 million or more. However, Toyota motors has said that they’ll be able to offer a $50,000 MSRP hydrogen car as early as 2015. How is it that Toyota can cut the price so it is only 5% of the original estimate? Even if the car's value does drop that much, does it even make economic sense?
Hydrogen Fuel Cell automobiles on the go
For numerous years, Hydrogen fuel cell cars have been under research. Unfortunately, numerous carmakers gave up their hydrogen fuel cell automobile programs. In general, hydrogen fuel cell electric automobiles convert hydrogen to electric power, which drives an engine. Because hydrogen fuel cells require platinum, they tend to be very costly to produce.
Toyota and also the hydrogen vehicle
By 2015, the Toyota hydrogen automobile should be on the market. Although it would be the first hydrogen fuel cell automobile on the market, it would not be the first HFCV on the road. The Honda FCX Clarity could be leased (not purchased) for $600 a month in the L.A. area. Toyota explains the hydrogen fuel cell vehicle they have will have a range like gas engines. The 95% drop in price will come from better mass-manufacturing processes and reducing the amount of platinum needed by two-thirds.
Infrastructure questions for Hydrogen fuel cell automobiles
The largest challenge to hydrogen fuel cell automobiles is the lack of infrastructure. Most carmakers have decided to invest resources in electric cars for the little fact that a recharging or refueling infrastructure is going to be much a lot more accessible. Hydrogen is also generally made of fossil fuel. Fossil fuel is the least expensive way of getting hydrogen although you will find other ways. Toyota and Honda are the only carmakers that are continuing research into mass-market HFCV’s. A hydrogen infrastructure would have to look much like a petroleum fuel infrastructure, with fueling stations that are around the country.
Sources for the article
http://www.wired.com/autopia/2010/05/toyota-50000-fuel-cell-vehicle/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed: wired/index (Wired: Index 3 (Top Stories 2))