/ News, Technology / Japan bets big on fuel cells

Japan bets big on fuel cells

Linked In Share
Japan bets big on fuel cells

The Asian nation, the third largest economy in the world, is ready to invest in a commercially unproven technology, as Toyota, Honda and suppliers ready the introduction of the first wide series fuel cell cars and the infrastructure to support them.

Prime Minister Shinzo Abe’s newly revealed plan to subsidy the electric cars with at least $20,000 per vehicle is a huge gamble, one that could be worth more than $400 million if the boldest predictions of the automakers pan out. Toyota, Honda and the companies that would levy the infrastructure say fuel cell cars are the true answer to clean transportation, overcoming many of today’s limitations of the battery electric cars.

“It’s still difficult to make these cars popular among ordinary consumers, but the subsidy has certain effects on companies interested in promoting themselves as green,” said Tomohide Kazama, Senior Consultant at Nomura Research Institute. “It’s a move to plant a seed for future growth.”

Still, the technology that was developed initially during the space race is largely commercially unproven, has huge development costs and dearly lacks the necessary refueling network – as hydrogen fuel stations alone cost millions per unit to build. The tax-payer funded subsidy would effectively lower the cost of Toyota’s newly announced FCV to around $50,000 – or as much as a mid size sedan in the premium class.

Via Reuters

by Aurel Niculescu (my Google+) - Thursday, July 24th, 2014 - filed under News, Technology. Image credit: .
Linked In Share
Related Articles
cars Fuel cell gamble japan subsidy


Discuss: Japan bets big on fuel cells

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

GM and Toyota recalls could be surpassed by Takata’s airbag issues
GM and Toyota recalls could be surpassed by Takata’s airbag issuesAt least 10 million vehicles were recalled by Toyota back in 2009 and 2010 for the “unintended acceleration” issue and so far ...
EXCLUSIVE: Chevrolet Niva production version to hit the roads in 2016
EXCLUSIVE: Chevrolet Niva production version to hit the roads in 2016The North American based automaker Chevrolet will be putting the new generation of the Niva into production in 2016, as the ...
GM’s victims fund death claims tally at 131
GM’s victims fund death claims tally at 131The General Motors victims compensation fund overseen by outside attorney Ken Feinberg has seen this week a rather sharp increase ...
EXCLUSIVE: BMW not planning i8 Spyder and 7-Series derivatives, confirms X7
EXCLUSIVE: BMW not planning i8 Spyder and 7-Series derivatives, confirms X7The Bavarian carmaker has made some announcements regarding some of its future models which give us a glimpse on how the future ...
Recall roundup:  Toyota FJ Cruiser and Tacoma
Recall roundup: Toyota FJ Cruiser and TacomaA new recall has been issued by Toyota covering the FJ Cruiser and the Tacoma because of incorrect tire placard labels. The ...
America’s road rage hot spots
America’s road rage hot spotsAccording to a new survey, the usual suspects when it comes to rude driving in the US are not the ones you would expect. Yep, New ...
California introduces the autonomous car permit, Audi snatches the first one
California introduces the autonomous car permit, Audi snatches the first oneThe US state of California, America’s most populous and environmental conscious, has market another milestone this week, as it ...
2015 Honda Civic Coupe and Sedan get priced over-seas
2015 Honda Civic Coupe and Sedan get priced over-seasHonda has recently announced the official price list for the 2015 Civic in Coupe and Sedan body styles, across the United ...
Recall roundup: Chrysler 200 for electrical short issue
Recall roundup: Chrysler 200 for electrical short issueThe North American based automaker Chrysler has recently announced a recall for several Chrysler 200 vehicles because of a ...
US: Mercedes-Benz to increase supply of entry-level CLA
US: Mercedes-Benz to increase supply of entry-level CLAThe German premium automaker, ranked third in the world, enjoys a great ride in the US, rising month after month together with ...
Lamborghini Huracan – first crash recorded
Lamborghini Huracan – first crash recordedThe first recorded crash of a Lamborghini Huracan is coming all the way from Hungary and the supercar has been completely ...
Mercedes-Benz AMG GT Roadster gets rendered once more
Mercedes-Benz AMG GT Roadster gets rendered once moreNew renderings with the Mercedes-Benz AMG GT Roadster have been released, placing the model into the spotlights once again. One ...
GM increases mid-size truck production on high demand
GM increases mid-size truck production on high demandThe No. 1 US automaker has announced that it would move to introduce a third production shift at its Wentzville, Missouri, ...
2015 Hyundai Santa Fe arrives in Australia
2015 Hyundai Santa Fe arrives in AustraliaHyundai has announced the launch of the 2015 Santa Fe in Australia, where the cheapest version of the model is available for ...
Dacia Sandero RS rendered
Dacia Sandero RS renderedThe first rendering with the upcoming Dacia Sandero RS has recently hit the web and it is providing us with a first glimpse on ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 honda civic coupe
lamborghini huracan crash hungary 1
mercedes-amg-gt-roadster-1
Citroen DS3 and DS3 Cabrio Ines de la Fressange Paris Concepts 1
Bentley Mulsanne Speed 1
Renault Eolab Concept 1
2015 honda civic 1
Audi TT Nuvolari 1
Honda Jazz prototype 1
2015 Ford C-MAX 1
lamborghini gallardo chrome crash female student michigan state university 1
Toyota Urban Utility Concept 1

More automotive from inautonews
At least 10 million vehicles were recalled by Toyota back in 2009 and 2010 for the “unintended acceleration” issue and so far GM has made 67 separate recall actions with almost 30 million vehicles due back in service. The level of media attention surrounding this two particular cases has been ...
read more
Inautonews Editors Section
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...
Test Drive – Mercedes-Benz E250 CDI 4Matic
Test Drive – Mercedes-Benz E250 CDI 4MaticDaimler’s passenger cars division – which consists of the Mercedes-Benz and Smart brands – has vowed to recover the distance from its German ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety GM and Toyota recalls could be surpassed by Takata’s airbag issuesAt least 10 million vehicles were recalled by Toyota back in 2009 and 2010 for the “unintended ... GM’s victims fund death claims tally at 131The General Motors victims compensation fund overseen by outside attorney Ken Feinberg has seen ...
Safety Section