27 Jul '12, 3pm

Hydrogen fuel cells may get a shot at batteries after all

Hydrogen fuel cells may get a shot at batteries after all

EVs aren't selling in the volumes that automakers need to break-even. So far electric car sales are running well below the levels that, just a few years ago, proponents believed would materialize. This is true in the biggest global markets including the United States, Europe, Japan and China. Despite big percentage gains in sales compared to last year, they are not selling in the volumes that automakers need to earn a return on the billions they've invested in this technology. They're not even close to break-even. And it's about to get worse. Under government mandates, more automakers are introducing more EV models and increasing manufacturing capacity. A moribund segment is about to get saturated. Secretary Chu doesn't see it this way. "Well first, I don't agree with that," he says in an interview. "If you look at the business models of the companies, there was a slight l...

Full article: http://green.autoblog.com/2012/07/27/hydrogen-fuel-cells-...

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