Toyota Motor Corporation (NYSE: TM) (LSE: TYT) (TYO: 7203), a Japan-based automaker, is planning to launch a hydrogen fuel-cell sedan in 2015.
Jim Lentz, president and CEO of Toyota Motor Sales, USA, stated that the future Toyota products will get advanced batteries that exceed the performance of today’s lithium-ion cells. He stated that the range would include ‘a wider variety of hybrid vehicles and plug-in hybrids and a choice of pure electric vehicles.’
The automaker stated that it had discovered how to reduce the cost of hydrogen fuel-cell vehicles by 90 percent, two years ago, which implies that it can sell a hydrogen-powered vehicle for around $50,000.
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