Toyota Advances Hydrogen Plans Amid Battery-Car Push
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Toyota Motor Corp., the world’s largest seller of hybrid vehicles, said it’s on schedule to sell hydrogen cars by 2015 or sooner in California, Japan and Germany as an alternative to battery-powered models coming to market.
Toyota, which also aims to sell plug-in hybrid and battery-only autos in 2012, is overcoming the cost and technical hurdles that have kept hydrogen fuel-cell cars from being sold to retail customers, said Takeshi Uchiyamada, Toyota’s executive vice president for research and product development. The carmaker has cut the cost to make hydrogen models to less than $100,000 and aims to halve that price by the time sales begin, he said.