Ford Motor Company, Daimler AG, and Nissan Motor Co. signed an agreement to jointly research hydrogen cars.
Online PR News – 29-January-2013 – Cambridge, OH – A three-way agreement has been signed by Ford Motor Company, Daimler AG, and Nissan Motor Co., Ltd., to enter into joint research on hydrogen-fueled cars, or FCEVs (Fuel Cell Electric Vehicles). By entering into this agreement, the three companies hope to develop a common fuel cell technology for electric vehicle systems while reducing investment costs at the same time.
Investing equally towards the project, the three major companies aim to achieve lowering costs through volume and maximum efficiency. Not only will this benefit the companies, but it will lower costs for consumers as well, since the technology won’t have to be proprietary. It will be shared across all three companies.
The size of this deal and the contributors involved in it will encourage the development of infrastructure needed to make hydrogen cars a viable future – infrastructure such as hydrogen refueling stations, a necessity if this fuel type is to take off.
Hydrogen is an attractive direction for the future of vehicles. The vehicles are powered by hydrogen and oxygen reacting to each other, with emissions consisting only of water and heat. This is an even bigger step in the sustainable transportation movement, moving us away from having to rely on oil. Teaming up will allow the companies to pursue a significantly more affordable and widely available technology.
The three companies hope to have FCEVs on the market by 2017.
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