In May of 2014, Toyota announced that it had decided to allow its deal with battery-electric vehicle manufacturer Tesla to expire and to instead turn its attention to hydrogen powered vehicles. Toyota plans to launch production of its first commercially available hydrogen fuel-cell vehicle before the end of 2014. The price of the vehicle is expected to be $78,000 initially, but will fall to $30-50K by 2020.
As part of its announcement, Toyota also emphasized a commitment to also focus on building hydrogen refueling stations. To implement this,Toyota is working with FirstElement Fuel to build hydrogen stations in California. Initial plans call for a basic network of stations to be in place by fall 2015, with 50 in operation by the end of 2016.
Hyundai is promoting its hydrogen-fueled Tucson SUV with a $499-a-month lease in California that includes unlimited hydrogen refueling for three years. The range of the Tucson is 265 miles and it can be refueled in a few minutes.
This news solidifies the notion that Toyota and Hyundai are at present time committed to hydrogen transportation as opposed to battery electric vehicles. As two of the largest selling car entities, this has the potential to mark a paradigm shift in renewable energy transportation, and if successful, will likely spur other automakers to follow suit.
For more detail regarding these announcements, please visit the following links to the online articles: