While Nissan and Tesla have put their money on electric vehicles with lithium-ion batteries, Toyota has bet on hydrogen fuel cell technology and plug-in hybrid vehicles. In fact, Toyota plans to ramp up production of hydrogen vehicles while cutting production costs. The Toyota Mirai was introduced in 2014 and was the first commercially available, mass-produced sedan to run exclusively on hydrogen fuel. In May, Toyota announced plans to increase ten-fold its production of the Mirai from 3,000 in 2017 to at least 30,000 by 2020. Unfortunately, the car has high production costs and starts at $60,000. Due to limited production, the car is made by hand, adding costs. Hydrogen vehicles also contain platinum, a precious metal nearly 56,000 times more expensive than steel. Toyota plans to reduce the platinum in the hydrogen fuel stack to save money. Toyota began to invest in hydrogen technology in the 1990s instead of battery-powered electric vehicles. “Toyota is c
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