Monday, March 11

Toyota Wants Hydrogen Vehicles to Succeed

Who wants a nearly free car?

I
f you hurry, you can get $40,000 off a 2023 Toyota Mirai Limited, a fuel-cell vehicle that retails for $66,000. When you factor in the $15,000 in free hydrogen over six years and the available 0% interest loan, the new car would run you just $11,000. That’s how much it costs Toyota to make the vehicle’s fuel cell stack alone, according to the most recent estimate. You buy the fuel cell, Toyota pays for the rest of the car.

It would be a great deal, if you can find the hydrogen to power it.

Toyota’s discount comes on the heels of Shell’s announcement three weeks ago that it’s closing its hydrogen filling stations in California. Granted, the oil company only had seven to begin with (five of which had been out of order), but that still represents more than 10% of the Golden State’s stations, nearly all of which are clustered around Los Angeles and San Francisco. Of those that remain, about a quarter are offline, according to the Hydrogen Fuel Cell Partnership.   TO READ MORE, CLICK HERE...

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