November 22, 2014

Toyota to launch hydrogen-powered car

First historic step in hydrogen-powered vehicles.

Price of oil 2020-25   $ 15-30 per barrel

Akio Toyoda has seen the future, and it’s called “Mirai”. That’s the name of Toyota’s new fuel cell vehicle, which the company’s president announced in a video released the day before the car’s official launch.



Toyota has announced it will begin selling fuel cell cars next month, taking a first small step into the unproven market for emissions-free, hydrogen-powered vehicles.The sporty-looking, four-door Toyota Mirai - that runs on compressed hydrogen gas without emitting exhaust - will be available in Japan on December 15 and in the US and Europe in mid-2015, the world's largest automaker said on Tuesday.

Mitsuhisa Kato, a Toyota executive vice president, said Mirai will retail for about $57,600 before taxes. Besides the relatively high cost, buyers will have to contend with finding fuel. Only a few dozen hydrogen filling stations have been built worldwide, though governments are subsidising the construction of more.

In Japan, with about 30 stations, that means the regions around Tokyo, Osaka and Nagoya cities in central and western Japan and the northern part of Kyushu island in the south.A few stations have opened in California in the United States, and there are plans to build some in the Northeast. Germany and the United Kingdom are among European countries that have or plan to build them.






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