Fuel Cells: Japan’s Carmakers Are Flooring It

December 26, 2002 | Source: Business Week

On Dec. 2 in Tokyo, Toyota and Honda rolled out the world’s first commercially available cars running on hydrogen fuel cells. The current cost: $1 million per car; it will take at least 10 years to bring prices down to $100,000.

Ford expects to launch a fuel-cell compact in 2004. General Motors has three different fuel-cell prototypes; commercial models won’t be ready until 2010.