The 3 key takeaways
- Toyota remains committed to hydrogen fuel cell technology, viewing it as a key part of the company’s future alongside electric vehicles (EVs).
- The automaker plans to invest $35 billion in EV and fuel cell development by 2030, aiming to sell 3.5 million EVs and 1 million hydrogen fuel cell vehicles annually by that time.
- Toyota believes hydrogen technology can complement EVs, especially in heavy-duty applications where electric vehicles may struggle with range and charging times.
Source: https://www.autoblog.com/2023/03/20/toyota-hydrogen-future-ev-development/