Stuttgart, Germany – Leading vehicle manufacturers have signed a letter of understanding on the development and market introduction of fuel cell electric vehicles, marking a major step towards the serial production of emission-free vehicles.
The announcement was made by Daimler AG, which signed the letter along with Ford Motor Company, General Motors Corporation, Opel, Honda Motor Company, Hyundai Motor Company, Kia Motors Corporation, Toyota Motor Corporation, and the alliance of Renault SA and Nissan Motor Corporation.
The signing companies strongly anticipate that by 2015 onwards, a few hundred thousand units of fuel cell electric vehicles could be commercialized worldwide. As every manufacturer will implement its own specific production and commercial strategies, as well as timelines, this may occur earlier than 2015. Current demonstration projects involving fuel retail companies, utility providers and engineering companies have shown that the production, storage, transportation and deployment of efficient equipment for hydrogen as a fuel are technically feasible.