Toyota Says its 2015 Fuel Cell Vehicle Would Cost Between $50,000 and $100,000 image

Toyota said that the fuel cell vehicles arriving in 2015 will be priced between $50,000 and $100,000.

Chris Hostetter, the vice president of strategic planning for Toyota Motor Sales US, said that several years ago when the first prototype fuel cell vehicles were developed, their price was around $1 million each. But beginning with 2015 the price for salable fuel cell vehicles will be around $50,000, which means that the sticker price would be under $100,000.

Beginning with 2015 the Japanese automaker plans to sell a fuel cell vehicle in the states which are covered by the California Air Resources Board mandate. Toyota currently has a fleet with 100 fuel cell beta-test prototypes based on the Highlander crossover and offering a range of 440 miles. According tot the company, the model arriving in 2015 will be similar with the FCV-R concept hatchback presented at the 2011 Tokyo Motor Show.

Toyota’s sales goals for its fuel cell vehicles might not be reached due to the lack of a workable hydrogen refueling infrastructure. The automaker planned to have around 60 hydrogen stations in the US, but currently only 8 are operational. Toyota can sell its fuel cell vehicles only in New York and California, but this could still account for couple of thousand units.

Source: Automotive News