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Tax breaks in Japan could boost hydrogen car launch

Aug. 06, 2014 8:58 AM ETToyota Motor Corporation (TM) StockTM, HMCBy: Clark Schultz, SA News Editor
  • Toyota's (NYSE:TM) ambitious plan to introduce hydrogen-powered vehicles will get a boost when a tax incentive in Japan kicks in next year.
  • Buyers of fuel cell cars could be eligible for subsidies in the neighborhood of ¥2M ($2K) per vehicle.
  • The backing of the ruling Liberal Democratic Party of the technology should also help Honda (NYSE:HMC).
  • The automaker plans to bring a FCV to the U.S. next year, with an initial introduction in California most likely.

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