Tax breaks in Japan could boost hydrogen car launch

|By:, 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.