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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: axial who wrote (37563)6/27/2011 9:57:51 AM
From: Frank A. Coluccio   of 46821
 
Hydrogen fuel: backseat to electric vehicles? Obama focus on EVs cuts off Bush initiative
Ken Silverstein | intelligentUtility | June 26, 2011

Obama Administration programs push electric vehicles (EVs), although the jury is out on consumer uptake. It's worth asking: what happened to hydrogen-powered cars, purportedly the cleanest possible alternative?  Not only is the idea still around, major car makers say they are almost ready to introduce such vehicles. Toyota reportedly expects to have its hydrogen-powered vehicle on the road by 2015; price tag: $50,000. Daimler, Ford and Hyundai have made similar comments. Global demand for oil is expected to rise in the next two decades, while "peak oil" projections remind us that oil is a finite, fossil fuel with adverse environmental consequences—two drivers  behind initiatives to develop alternatives.

Cont.: intelligentutility.com

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