A tax credit of $8,000 for buyers of fuel cell cars in the United States is set to expire at the end of the year in what would be a major setback for a technology that never really caught on. It will now become even harder for fuel cell car makers to sell their product in one of the biggest car markets in the world. According to a report from CarsDirect, the federal tax credit, which covers cars manufactured in the past three years, will deal a major blow to Toyota, which is just preparing for the launch of its new fuel cell passenger car, the Mirai, next year. At the same time, the report argues, the expiry of the tax credit will strengthen the upper hand of EVs over fuel cell vehicles. Truth be told, there was never much of a competition between electric cars and fuel cell […]

Posted in: USA