Toyota (and Honda) have both invested a lot in HFC cars - also consistent with Japanese Govt plans for Japan to become a "Hydrogen Economy". This is not irrational given Japan's lack of resources for producing low-carbon energy, especially since their nuclear power issues. BEVs have been making huge advances in recent years, so remains to be seen whether there's more than a niche for HFC vehicles. Where HFC may have an advantage is in heavy transport - trucks, trains, ships, and maybe planes (there are already battery-powered aeroplanes). Korea is also embracing hydrogen, but is also getting into BEVs in a big way. In cars, HFC should have weight/range advantages over BEVs, but need to get efficiencies of scale in manufacturing to get/keep economies of scale.
Meanwhile Big Oil are pushing hydrogen, probably since they reckon they can produce it cheaply from natural gas, and also hoping to preserve their investment in the liquid fuel supply chain (BEV fast chargers may not be co-located with traditional servos, and many electric cars will be charged mostly at home and not need public charging infrastructure most of the time anyway).
ORE Price at posting:
$3.48 Sentiment: Buy Disclosure: Held
