Automakers Ford, Nissan and Mercedes Benz have come together with a view to develop a mass market hydrogen fuel cell electric vehicle. This is likely to be complete and ready for markets by 2017. This vehicle once complete in all respects is slated to be the world’s first affordable fuel cell electric vehicle which will initiate other automakers to follow suit.
These three automakers will be collaborating and sharing investment costs in the development of this common fuel cell electric vehicle system which will go a long way to maximize economies and ensure that the end product is affordable to customers. Development work in this project will be undertaken across three continents while the end results will be used by all three companies to bring out Fuel Cell Electric Vehicles which are not only zero emission but also highly economical to boot.
While these three auto majors have made this announcement, they were quickly followed by Toyota and BMW who have also declared that they would be collaborating on development of a fuel cell system besides lithium ion batteries besides a study on joint platform for a midsized sports vehicle in the near future.