November 25, 2008

The current/future costs of owning a Hydrogen Car

CARS - Hydrogen cars are not mainstream vehicles yet, but they are being leased by a number of companies, such as Honda, and their fuel costs are lower than most people think.

During the last 2 years Honda has been leasing hydrogen fuel cell vehicles. Most people think that they are incredibly expensive to buy. They are but only because these are prototypes. The truth is that they are not as expensive to run as most people think, and those costs are sure to drop quickly.

Electricity is technically the cheapest way to run a vehicle, but not very efficient or useful for long distance travel. Electric cars are best for people who travel less than 40 miles/day.

Hydrogen cars on the other hand have better driving range/speed than even gasoline cars. They are expensive right now because they're not mass produced but they are really cheap to fuel.

The Honda FCX Clarity, which is being leased for $600 US per month is remarkably similar to their next most environmentally friendly alternative, the Honda Civic Hybrid (fully loaded) will costs $551/month to lease.

To lease FCX Clarity will cost about $26,990 for three years, whereas the Honda Civic (which gets 40 MPG) will cost $21,979.

The difference however is that hydrogen is much cheaper than gasoline. They end up balancing out roughly over a three year period. If gasoline prices continue to stay up hydrogen becomes a no-brainer for anyone looking to lease. And it will just be a matter of time before Honda hydrogen cars goes into mass production.

You can currently find Hydrogen pumps in Washington DC and more cities are expected to have hydrogen pumps in the future.

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