Honda Sticking with Hydrogen Technology. Bloomberg News, August 19, 2009. "Honda is backing hydrogen power for the cars of the future, a stance at odds with the Obama administration's decision to drop automotive fuel-cell technology in favor of battery-run vehicles... Honda, the only carmaker leasing fuel-cell autos to individuals, opened a production line last year in Tochigi prefecture to make 200 FCX Clarity sedans. The Energy Department sought to eliminate hydrogen-station funding and instead lend $1.6 billion to Nissan Motor Co. and $465 million to Tesla Motors Inc. to build electric cars, and give $2.4 billion in grants to lithium-ion battery makers. 'Honda has a propensity to think very long term,' said Ed Kim, an analyst at AutoPacific Inc. in Tustin, California. 'It's also part of the company culture that if they've made a decision they think is correct, they'll really stick with it.' Honda isn't alone. Toyota, Daimler AG, GM and Hyundai say hydrogen is among the few options to replace oil as a low-carbon transportation fuel."
2009-08-20
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