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End Of Oil, HYUNDAI Electric IX 35 To Be Ready For 2015!! - Politics - Nairaland

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End Of Oil, HYUNDAI Electric IX 35 To Be Ready For 2015!! by citizenisb: 10:56am On Nov 10, 2013
http://www.fool.com/investing/general/2013/11/09/will-toyotas-fuel-cell-car-put-the-prius-out-to-pa.aspx

The Toyota FCV isn't the only fuel-cell car headed to market

The Toyota FCV Concept is just one of several fuel-cell cars coming to market in the next few years. Hyundai (NASDAQOTH: HYMTF ) has said that it will bring a fuel-cell-powered SUV to the U.S. market in 2015. That's not a token gesture — Hyundai hopes to sell 10,000 a year.

Hyundai's ix35 Fuel Cell is based on the Tucson SUV. It has already been produced in small numbers. Hyundai hopes to be selling 10,000 a year in a few years. Photo credit: Hyundai

Meanwhile, Ford (NYSE: F ) is working with Nissan and Daimler (NASDAQOTH: DDAIF ) , the corporate parent of Mercedes-Benz, on a project that will bring fuel cell cars to market by 2017, they say. The three are sharing development costs in hopes of designing better technology more quickly.

Likewise, General Motors (NYSE: GM ) and Honda (NYSE: HMC ) are teaming up on a fuel-cell design of their own. Most other big automakers are doing similar work, or are expected to follow suit.

But will these fuel cell cars really replace hybrids and battery-electrics — not to mention the gasoline-powered cars that most of us drive, that still seem to get better every year?

Are fuel cell cars really the future?
It's hard to say, and these companies are all hedging their bets. Even as they work on fuel cell cars, Toyota and Ford (and most of the others) are investing big in better hybrids, and continuing work on battery-electric cars, and developing ever-more-efficient gasoline engines, too.

Tesla Motors has gone all-in on batteries, and Tesla CEO Elon Musk has made it clear that he thinks fuel cells are not a serious solution. But big automakers like Toyota and its peers aren't convinced, as their big investments in fuel cell cars like the FCV show.
Re: End Of Oil, HYUNDAI Electric IX 35 To Be Ready For 2015!! by hamrad(m): 1:46pm On Nov 10, 2013
it is high time our government stop relying on crude oil and look for another way of generating income.

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