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Toyota ‘Bullish’ on Hydrogen Amid California Station Plans

Toyota Motor Corp.’s North American chief said California’s plan for more than 50 hydrogen fuel stations within two years is making executives feel “bullish” about the outlook for its Camry-sized fuel-cell car due in 2015.

Plans by the U.S. state to provide about $47 million for 28 new stations selling hydrogen for fuel-cell cars, along with 10 already in operation and 16 more in development, will be enough to support at least 10,000 vehicles in California, Toyota’s Jim Lentz said in an interview yesterday at a Fortune conference in Laguna Niguel, California. He declined to give a price or volume goal for the sedan Toyota is bringing to market.