A Great Leap: Group of Car Companies sign Letter of Understanding on Fuel Cell Vehicles

The Prius, sales hit 2 million mark this year
                            
Fuel cell vehicles, electric vehicles, and hydrogen powered vehicles all have an electric motor that makes car run, the only difference is where and how the motors get the power.

Since the beginning car companies have planned,  developed, and designed their choice of their own system. We see Toyota going gaga over Hybrid, while Mitsubishi and Nissan-Renault is fanatic about an all electric-powered vehicle; add to it that Honda has released a lease only fuel-cell hydrogen vehicle. That's how unorganized car companies are. As a result we only see a few and expensive hybrid cars on our roads and showrooms. The Prius, for example has been around since 1997, an not much progress has been made with regard to its high cost of production. Hybrid cars sold today are basically unattractive since the price you pay for a hybrid engine will take years to recover the extra cost. So still, what we have right now is a conventional fossil-fuel (gasoline, benzene, diesel) vehicle domaqinated roads.



           Hydrogen stations like this is still not a common sight due to high cost of infrastructure.
 

A group of companies represented by western car makers Daimler Chrysler, Ford, General Motors, Renault, and Asian superstars Toyota, Honda, Nissan, Hyundai-Kia Automotive Group, have announced they’ve signed a Letter of Understanding concerning the development and market release of fuel cell powered electric vehicles. The car companies aim that there'll be more than a hundred thousand units on the road by 2015.

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