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Japan Carmakers to Subsidize Hydrogen-Station Operating Costs

Japan’s three biggest automakers plan to help cover the cost of operating hydrogen stations in the country to popularize cars powered by fuel cells.

Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. will cover as much as one-third of operating expenses for stations run by infrastructure companies, they said in a joint statement in Tokyo on Wednesday. The support will be capped at 11 million yen ($90,000) a station. The program will run until about 2020 and cost an estimated 5 billion yen to 6 billion yen, said Kiyotaka Ise, senior managing officer at Toyota.