JohnSnowNW
Active Member
What? How so? Have you looked at Toyota's balance sheet and R&D budgets lately?
FC cars are just one R&D avenue for Toyota, not a major expense unless they start investing in global infrastructure heavily (I doubt this will happen). They want to sell just 30k FC cars by 2020, that's nothing but a large experiment:
Toyota expects to sell 30,000 fuel cell vehicles a year by 2020
30k is a fraction of a percent for Toyota. As we all know Toyota is selling around or over 10M cars per year today, probably more in 2020 because they have room to grow in places like China etc.
FCEVs are and will remain a fraction of their annual revenues for another decade (at least). Anyone who thinks FCEV development will somehow endanger Toyota's financial position is mistaken.
Also, Toyota has R&D on solid-state batteries etc., there are many ways to Rome. Toyota will consider next-gen batteries once they are ready in the 2020s, they just don't like specs of current-gen batteries for mass production.
Didn't they offer stock to the tune of $4.2B specifically to help with their FCEV program?
Yes, yes they did:
http://www.bloomberg.com/news/articles/2015-04-28/toyota-plans-4-2-billion-share-sale-to-develop-fuel-cell-cars
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