The FINANCIAL — Toyota Motor Corporation, Nissan Motor Co., Ltd., and Honda Motor Co., Ltd. have agreed on key details regarding a new joint support project for the development of hydrogen station infrastructure in Japan.
In addition to partially covering the operating costs of hydrogen stations, the three automakers have also agreed to help infrastructure companies deliver the best possible customer service and create a convenient, hassle-free refueling network for owners of fuel cell vehicles (FCVs), according to Toyota.
The joint project (conducted alongside the Japanese government’s support for hydrogen stations) will partially cover hydrogen station operating expenses incurred by infrastructure companies, and was first announced on February 12. Furthermore project partners will jointly raise awareness regarding these support measures, in order to encourage new companies to enter the hydrogen supply business. Financial assistance will be provided through the Research Association of Hydrogen Supply/Utilization Technology* (HySUT), which is setting up a project to stimulate demand for FCVs.