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Toyota Announces Major FCEV Investment

Autosphere » Fleet » Toyota Announces Major FCEV Investment

Expansion of sales efforts for fuel cell electric vehicles (FCEV) are planned in Japan and abroad.

Toyota sees global sales of fuel cell electric vehicles (FCEV) increasing after 2020, to at least 30,000 per year from today’s 3,000. To prepare for this growth, the company is investing in two major new facilities in Japan, resulting in an increase in fuel cell stack output, and in the production of high-pressure hydrogen tanks.

Currently offering both FCEV cars and buses, Toyota plans to expand its FCEV product range and bring overall costs down. Also, Toyota will keep working with other companies to develop a hydrogen supply infrastructure.

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