Seeking Alpha

Toyota to sell fuel cell vehicle

  • After its great success with hybrid vehicles, Toyota (NYSE:TM) is now moving into the hydrogen fuel cell arena by selling its new car with the technology before April of next year.
  • The model's list price is about ¥7M ($70k), but with factoring in subsidies and tax breaks the vehicle will sell for about ¥5M ($50k).
  • With a single hydrogen fueling, the planned fuel cells can take the new vehicle almost 430 miles.
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