Tuesday, May 11, 2010

Toyota Could Launch Hydrogen Fuel Cell Car for $50000 by 2015

Toyota has recently hinted that it could roll out a hydrogen fuel cell vehicle for a price tag of $50000 in the next 5 years. However, it depends on to what extent it can cut the production cost.

Well, the Japanese carmaker has revealed that it has found ways to cut costs by 90% and it is now very possible that an affordable hydrogen fuel cell car would come from Toyota. Reducing cost has been possible by decreasing the platinum usage and producing thin films and carbon fiber at a reduced cost. The company is also planning to decrease the platinum usage further from 30g to 10g which would pave way for the car to be rolled at an affordable price.

Besides Toyota, a number of other car makers including Honda, General Motors, Daimler and Hyundai are also planning to produce hydrogen fuel cell vehicles by 2010. So, it is pretty much clear that after 5 years, hydrogen fuel cell car market would start blooming and Toyota’s focus on eco friendly car segment could lead it to become one of the leaders in the car market.

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