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Wednesday, 25 June 2014

Japan bets big on making fuel-cell cars a near-future reality

A security guard walks under the logo of Toyota Motor Corp in Tokyo By Yoko Kubota and Maki Shiraki TOKYO (Reuters) - Japan's government and top carmakers, including Toyota Motor Corp, are joining forces to bet big that they can speed up the arrival of the fuel cell era: a still costly and complex technology that uses hydrogen as fuel and could virtually end the problem of automotive pollution. Toyota, the world's biggest carmaker, unveiled its first mass-market fuel-cell car on Wednesday, which is due to go on sale in Japan by end-March next year priced at around 7 million yen ($68,600). A U.S. and European launch will follow in the summer.Prime Minister Shinzo Abe's growth strategy, announced the day before, also included a call for subsidies and tax breaks for buyers of fuel-cell vehicles, relaxed curbs on hydrogen fuel stations and other steps under a road map to promote hydrogen energy.








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