The Japanese government is preparing to offer generous incentives for buyers of hydrogen powered fuel cell vehicles to help Japanese manufacturers such as Toyota and Honda take the lead in bringing hydrogen vehicles market.
According to local reports, rebates as high as JPY2m (US$19,800) per vehicle could be offered to buyers of hydrogen powered vehicles, which would potentially cut the price of Toyota’s forthcoming fuel cell car to as low as JPY5m.
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The government aims to have network of 100 hydrogen refueling stations in place across Japan by the end of the current fiscal year, 31 March, 2015.
It is expected that hydrogen cars will initially be targeted as taxis and other public sector vehicles but the government hopes that eventually this technology will help reduce Japan’s dependence on imported fossil fuels.
