News Date: June 17, 2005 Toyota Plans to Produce a $50,000 Hydorgen Powered Vehicle by 2015 Toyota is "developing everything to reach this (2015) target" the financial daily quoted Kazuo Okamoto, who takes over as Toyota's head of research and development next month, as saying during a visit to Frankfurt.
Toyota, the world's second-biggest car maker, believes launching hydrogen cars earlier than 2015 would be difficult due to a lack of filling stations, the paper said.
Its plans are more conservative than those of General Motors Corp., which aims to have a production-ready hydrogen vehicle by 2010 with a fuel cell that costs $5,000, it said.
Hydrogen fuel cell vehicles, which emit only water, would ease environmental concerns and help cars meet stricter emissions regulations. They could also counter to rising energy prices.
A Toyota spokesman could not confirm Okamoto's comments.
Toyota said on Friday its fuel-cell hybrid cars had received vehicle type certification from the Japanese government -- meaning the cars no longer need to be certified individually -- clearing the first hurdle for commercialisation.
Toyota, which started limited marketing of fuel-cell vehicles in 2002, has now leased 16 such cars to government bodies in Japan and the United States but has not revealed any launch plan.
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