Why are automakers attempting to develop more eco-friendly vehicles? What are some of the challenges in the
Question:
- Why are automakers attempting to develop more eco-friendly vehicles?
- What are some of the challenges in the manufacturing and adoption of hydrogen fuel cars?
- Why do you think Toyota is willing to expend resources in developing hydrogen vehicles despite the high costs of capital involved?
Electric vehicles are becoming more popular, but a lack of infrastructure, the range of charge, and high prices are impacting widespread adoption. Automakers are investigating other forms of cleaner energy, including hydrogen fuel. Investments into hydrogen fuel-cell technology have proved promising as the costs have significantly fallen and vehicles can travel 250 miles on a single tank. However, there is still the service problem due to lack of infrastructure. Extracting hydrogen can be a difficult and time-consuming process. Toyota is not allowing these challenges to hinder its production. Toyota plans to release its first hydrogen fuel car in 2015. Whether automakers plan to introduce hydrogen fuel-cell vehicles in a few years or in another decade, it seems clear that auto companies are very interested in this alternative fuel technology.
Step by Step Answer:
Business A Changing World
ISBN: 978-1259179396
10th edition
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell