Toyota said today that it has cut the cost of making fuel-cell vehicles by about 90 percent since mid-2000s. Is this good news? YES! Because Toyota’s first retail hydrogen will carry a price tag of around $50,000.
This first model will be a sedan and will have a total range equal to the one from a gasoline-powered car, “with some extra cost,” said Toyota’s managing director for advanced autos, Yoshihiko Masuda. “Our target is, we don’t lose money with introduction of the vehicle,” Masuda said in Torrance, Calif., where Toyota’s U.S. sales unit is based. “Production cost should be covered within the price of the vehicle.”
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