The executives of Toyota Motor Corporation (NYSE:TM) claimed that battery electric cars don’t stand a chance in the real world and the real future depends on hydrogen fueled vehicles. The latest vehicle by Toyota , Toyota Mirai successes the agreements in California this year by providing a driving range of 312 miles on a single tank of hydrogen.
It is a convincing figure that an EPA-estimated 67 miles each gallon equal to that which drives the series of the Toyota Mirai past every other zero-emissions car on the market, counting the all-electric Tesla Model S P85 D. Even with a range of 312 miles Toyota Mirai encounters a possibly crippling setup challenge.According to the department of Energy there are only 12 public hydrogen fuel stations in the US and ten out of them are situated in California ,creating it the only possible flea market for hydrogen cars.
This might be the reason for Toyota, to sweeten 1.97% of the deal for possible buyers.Although the owners of Toyota Mirai will be provided with the facility of free fueling for three years or approximately a worth of $15000. However, the owners of Tesla Motors Inc (NASDAQ:TSLA) receive a free fueling for life above 425 supercharger stations installed worldwide.In order to stimulate long-distance travel, according to the DOE there are above 2,200 electric charging stations in California only and 9,937 in the U.S.
Toyota has plans to create 46 hydrogen fueling stations in California ,according to the firm’s website. This demonstrates that the initial purchaser of Toyota Mirai will possibly fit the classic early-adopter frame. In other words, this is not a vehicle for a timid technophobe. Toyota has taken a lot of flack for its goals of the hydrogen car. Hydrogen cars encounters logistical, financial, even environmental challenges that make this a huge threat for the auto-manufacturer. It may cover 312-mile distances, but the Toyota Mirai faces seemingly insurmountable complications in the U.S.
Toyota Motor Corporation (NYSE:TM) belongs to Consumer Goods sector. Its net profit margin is 8.00% and weekly performance is -1.57%. On last trading day company shares ended up $132.75. Toyota Motor Corporation (NYSE:TM) distance from 50-day simple moving average (SMA50) is -3.34%.
Tesla Motors Inc (NASDAQ:TSLA) shares advanced 4.04% in last trading session and ended the day at $280.02. TSLA Gross Margin is 28.00% and its return on assets is -8.00%. Tesla Motors Inc (NASDAQ:TSLA) quarterly performance is 46.61%.