Five Automakers Join Coalition to Further Hydrogen Development

Five major automakers have joined together with two massive oil and gas producers to work together on developing new hydrogen-related products. 

Toyota, BMW, Daimler (Mercedes), Honda and Hyundai are all linking up with Royal Dutch Shell and Total SA, with a plan to pump about 10 billion euros ($10.7 billion) into the hydrogen business in the next five years.

In total, the new hydrogen council is made up of 13 energy, transport and industrial companies which will work with policy makers to help facilitate the switch from current dirty energy sources to hydrogen power. The coalition is looking to prove that battery-electric power isn’t the best answer for reducing pollution rom cars, homes and utilities.

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Toyota and Hyundai both currently have hydrogen fuel-cell powered cars on the market, while Honda will be releasing a new hydrogen-powered vehicle this year. Toyota is the most publicly vested in hydrogen, previously saying that it is a major part of its plan to reduce 90 percent of its emissions by 2050.

[Source: Automotive News]