He is a brilliant CEO, a billionaire that tends to invest into enterprises that become immensely rich and spectacularly successful. But, on the other hand he is quite outspoken and now his sharp tongue wants to trash hydrogen fuel-cell vehicles.
He argues that such cars are currently rare and expensive, with few locations to refuel. And while the vehicles, such as those being developed by Toyota, Hyundai and others emit only water vapor, the hydrogen fuel can be expensive and dirty to produce.
“There’s no way for it to be a workable technology,” Tesla’s chief executive officer said this week during a presentation in Munich.
Behind Musk’s protestations is the fact that his Tesla competes for resources with hydrogen cars, in the form of government subsidies for rebates, fueling infrastructure and lucrative green-car credits that have made the company profitable this year. He’s also badmouthing the rival technology especially loudly now, as California is poised today to reduce his ability to generate credits in the future.
The regulatory review and a wave of hydrogen-fueled models anticipated by 2015 are reigniting a decade-long rivalry in California between battery-car backers and hydrogen fuel-cell vehicle partisans.
While clean production and adequate distribution of hydrogen may take decades to develop, California regulators view both plug-in electric and fuel-cell vehicles as solutions to persistent air-quality problems.
Tesla, the electric-car maker led by Musk, had its first quarterly profits this year with a boost from selling California pollution credits. State officials are weighing revisions that cut maximum credits Tesla gets for its Model S by 43 % while lifting them for hydrogen cars.
) - Thursday, October 24th, 2013 - filed under News
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Discuss: Elon Musk of Tesla voices his opposition against hydrogen vehicles