Why Is Toyota Doubling Down on Hydrogen Fuel Cells?
Toyota (NYSE: TM) said that it will show off two new electric vehicles powered by hydrogen fuel cells at the Tokyo Motor Show this month. Both are "concepts," or show vehicles, but at least one will go into limited production.
It's a sign that Toyota is still committed to the idea of hydrogen fuel cells despite tiny sales of its current fuel-cell-powered Mirai sedan, a lack of refueling infrastructure, and a growing consensus that battery electrics will be the dominant automotive drivetrain in the future. What's the auto giant thinking?
Toyota's two fuel-cell concept vehicles are both roomy, but they're quite different. One is a quirky cross between an SUV and a minvan, while the other is much more practical: It's a city bus.
Source: Fool.com
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