Japan's ambition to have 100 hydrogen fueling stations by next March may fall short of reality now that the deadline to apply for subsidies has passed.
Reuters reports only 76 such stations were approved for subsidies by the government, which had set aside ¥21.4 billion ($178.4 billion USD) over three years for the sole purpose of helping would-be hydrogen-station operators build them; each station costs $5 million to build, with the government pitching in $2.5 million in aid.
Though a representative for the Ministry of Economy, Trade and Industry stated the government is considering increasing the amount given to encourage more infrastructure development, energy companies are asking for proof that building the stations are worth the investment in the first place. In turn, consumers may find the lack of said stations off-putting as far as considering an FCV like Toyota's Mirai goes, while FCVs themselves need government incentives to attract said consumers.
The post Japan Hydrogen Ambitions Fall Short Of March 2016 Target appeared first on The Truth About Cars.
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