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Hydrogen Future Dims for Toyota as Lawsuits and Buybacks Surge [Video]

Hydrogen Future Dims for Toyota as Lawsuits and Buybacks Surge

…Source: https://insideevs.com/news/708375/toyota-mirai-hydrogen-stations-close/ Transcript: Per InsideEVs, Toyota Mirai owners are facing significant challenges with hydrogen refueling infrastructure. The base price of a 2023 Mirai starts at $50,595, with incentives reducing costs significantly. Toyota offers a $22,000 incentive for the Mirai XLE and a $40,000 incentive for the Limited trim, plus a $15,000 fuel card. However, the lack of reliable hydrogen stations and high fuel costs are causing frustration. California’s infrastructure struggles with station closures and high hydrogen prices, now $36 per kg, making refueling costly and inconvenient. Owners experience depreciation and demand legal action against Toyota for misrepresentation. Despite incentives, the Mirai’s practicality is questioned due to infrastructure woes.

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