A senior Toyota executive on Thursday cast doubts on the notion that hydrogen cars could be commercially viable for the carmakers building them anytime soon. The company last year said that by 2015 it would have reached the point where the cars cost less than Y10m, or €100,000, each to build, although it did not say how much less. “Ten million yen is quite a lot of money, so we wouldn’t call that commercially viable,” Mitsuhisa Kato, head of Toyota’s product planning group, said in an interview. “We have to reduce costs further to make it commercially viable.”
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A senior Toyota executive on Thursday cast doubts on the notion that hydrogen cars could be commercially viable for the carmakers building them anytime soon.
The company last year said that by 2015 it would have reached the point where the cars cost less than Y10m, or €100,000, each to build, although it did not say how much less.
“Ten million yen is quite a lot of money, so we wouldn’t call that commercially viable,” Mitsuhisa Kato, head of Toyota’s product planning group, said in an interview. “We have to reduce costs further to make it commercially viable.”