Japanese automakers take small steps toward fuel cell adoption

|By:, SA News Editor

Honda (HMC +0.6%) and Toyota (TM +0.5%plan to bring production of fuel cell vehicles to over a thousand units next year as they try to raise consumer awareness.

The automakers hope to produce tens of thousands of units annually by 2020 on their forecast that costs for FCV production will come down dramatically.

The big picture: Some automobile industry analysts see long-term benefits if FCV vehicles become mainstream, while others point to major obstacles with the technology. The direction of future all-electric Tesla Motors (TSLA +0.2%) models could also be a major factor on if fuel cell cars take off.