Sunday, September 13, 2009

Group of car manufacturers sign Letter of Understanding on fuel cell electric vehicles



Fuel cell vehicles or electric vehicles – they both have one thing in common. An electric motor or multiple motors are at the core of the propulsion and the only difference is how the motors get their power.

At the beginning we could see different manufacturers head down different paths with their alternative fuel cars but today there has been an interesting development – a joint announcement from a few carmakers backing fuel cell electric vehicles.

A group of companies comprising of Daimler, Ford, GM/Opel, Renault, Nissan, Hyundai-Kia, Honda and Toyota have announced they’ve signed a Letter of Understanding regarding the development and market introduction of electric vehicles with fuel cells. These car companies strongly anticipate that from 2015 onwards, a significant amount of electric vehicles with fuel cells can be commercialised – a few hundred thousand units is the aim.

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