Toyota mulls fuel cell Lexus by 2020, report says

Lexus‘s first fuel cell vehicle will likely be based on the LS, the brand’s flagship, a report said.

(Reuters) — Toyota Motor Corp. is considering adding a fuel cell Lexus to the luxury brand’s lineup by about 2020, the Nikkei reported.

Toyota, which has already launched the world’s first mass-produced fuel cell car, the Toyota Mirai, will likely incorporate the technology into the Lexus LS, the brand’s flagship sedan, the Nikkei said.

Toyota will factor market trends and cost-cutting efforts into the price of the fuel cell version of the Lexus LS, the report said.

Toyota was not immediately available for comment.

Toyota is betting heavily on fuel cell vehicles, which run on electricity generated by mixing hydrogen fuel and oxygen in the air without the carbon emissions produced by gasoline or diesel engines.

Toyota last week said it aimed to sell 30,000 fuel cell vehicles a year by the end of the decade under a plan to cut carbon emissions nearly to zero by 2050.

The carmaker has so far sold 350 Mirai fuel cell cars and plans to boost production to about 2,000 next year and 3,000 in 2017.

Hyundai Motor is also producing fuel cell vehicles for the consumer market and Honda Motor Corp. is widely expected to unveil its own model later this month.

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