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Toyota Motor Corp on Monday said it will introduce its first mass-market fuel cell car in the United States next year, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.
The four-person sedan named Mirai, the Japanese word for "future", will be at California dealerships in the fourth quarter of 2015. Only 200 will be available in the United States next year, with volumes increasing to 3,000 by 2017, executives said at a press conference in Newport Beach, California.
The Mirai will cost $57,500, which could drop to $45,000 after federal and state incentives. Toyota expects most customers will choose a three-year lease for $499 a month.
Fuel cell vehicles run on electricity from cells that combine hydrogen with oxygen and emit only water vapor. But there are few hydrogen fuel stations in the world, and that lack of infrastructure is a major challenge for carmakers.
Read more http://www.reuters.com/article/2014/11/18/toyota-fuelcells-idUSL2N0T72OK20141118
The four-person sedan named Mirai, the Japanese word for "future", will be at California dealerships in the fourth quarter of 2015. Only 200 will be available in the United States next year, with volumes increasing to 3,000 by 2017, executives said at a press conference in Newport Beach, California.
The Mirai will cost $57,500, which could drop to $45,000 after federal and state incentives. Toyota expects most customers will choose a three-year lease for $499 a month.
Fuel cell vehicles run on electricity from cells that combine hydrogen with oxygen and emit only water vapor. But there are few hydrogen fuel stations in the world, and that lack of infrastructure is a major challenge for carmakers.
Read more http://www.reuters.com/article/2014/11/18/toyota-fuelcells-idUSL2N0T72OK20141118
