Task Force Formed to Secure Japanese Dominance in Fuel Cell Vehicles

26 Jun 2013

A new task force is being set up in Japan aiming to ensure the country’s future dominance in the market for fuel cell electric vehicles (FCEV), according to a report on the Nikkei website. The task force includes members from the automotive and hydrogen refuelling industries along with representatives of government agencies.

The task force is being led by the former Environment Minister Yuriko Koike, with other participants including Toyota Motor Corp., Nissan Motor Co., Honda Motor Co., JX Nippon Oil & Energy Corp., Iwatani Corp. and Kawasaki Heavy Industries Ltd., as well as members of the ruling Liberal Democratic Party and Trade Ministry officials.

Vehicle cost reduction is vital to the success of the FCEV market. Toyota is aiming to sell the cars for around 5 million yen, while the task force wants a price closer to 3 million yen. The task force plans to work out measures, such as purchase subsidies and tax breaks, and call on the government to include them in a tax reform blueprint to be drafted by the end of the year, and to allocate the necessary funding.

On the topic of hydrogen refuelling, the task force will discuss relaxing regulations on the construction of refuelling stations ahead of the expected commercialisation of FCEV from 2015.


Source: e.nikkei.com


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