Sunday, November 8, 2009

Plugs and Cars: GM CEO: FCVs 10X more expensive than electric

Plugs and Cars: GM CEO: FCVs 10X more expensive than electric: "GM CEO Fritz Henderson sat down with reporters and editors from the Washington Post yesterday. No real news on the Volt, but his comments on Fuel Cell Vehicles should cause a stir. Anyone at CARB in Sacramento paying attention?

Post: Is GM pulling back on its hydrogen car?

Henderson: 'Are we putting resources into it? Not as much. . . . We spent through the mid part of this decade a reasonably high portion of our research and our development money on hydrogen fuel cells. We put 100 vehicles into the market. Consumers have tested them . . . We've learned a lot. The vehicles work. The issue is always cost, 100 percent cost. [He put the cost of the vehicles at upwards of $400,000.]

'It's still a ways away from commercialization. No question.'"

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