Home > World's First Sale-Lease Agreement of Fuel Cell Vehicles >
2003.01.08 Wed
World's First Sale-Lease Agreement of Fuel Cell Vehicles
On the occasion of the world's first market delivery of fuel cell-powered vehicles, a ceremony was held at the Japanese Prime Minister's Official Residence on December 2, 2002. Fuel cell vehicles are powered by electricity generated from a chemical reaction between hydrogen and oxygen, achieving higher fuel efficiency along with a high reduction in carbon dioxide emissions compared to gasoline fueled vehicles, and they also have superior noise performance.

After a test ride of the first commercially released fuel cell cars delivered to the Cabinet Secretariat, one manufactured by Toyota Motor Corp. and the other by Honda Motor Co., Ltd., Prime Minister Koizumi made this comment: "I thought the introduction of fuel cell vehicles would take a lot longer, but these have come to market in Japan earlier than anywhere in the world, a lot earlier than I expected. I hope that with continued technological development, Japan will be said to have succeeded in both harmonious coexistence with nature and economic development."

A total of five fuel cell-powered vehicles were delivered, four manufactured by Toyota and one by Honda. Toyota's vehicles are leased on 30-month contracts with the lease price of 1.2 million yen (about U.S.$9,800 dollars) per month for each vehicle, and Honda's lease term is 12 months with a monthly payment of 800,000 yen (about U.S.$6,500 dollars).

On the same day, in the United States, Honda delivered a fuel cell car to the City of Los Angeles, and Toyota delivered two fuel cell cars, one to the University of California, Irvine, and the other to the University of California, Davis.

Stimulated by Prime Minister Koizumi's initiative to replace all general official vehicles with low-emission vehicles in the next three years, the government and public sector are taking the lead to introduce low-emission vehicles.


http://www.kantei.go.jp/foreign/koizumiphoto/2002/12/02nenryo_e.html
http://world.honda.com/news/2002/4021203.html

Posted: 2003/01/08 05:17:13 AM
Japanese version
| Posted by jfs |
NEXT ACTION
Search more news from JFS   
Read next article: Shiki City Considers Pedestrian-Friendly One Way Streets
Read previous article: Cosmo Oil Offers "CO2-free" Gasoline to Cardholders
Support JFS
About JFS
RELATED NEWS

Fuji Electric Tests Light-Weight PV System for Plastic Greenhouses
Japanese Firm Begins Development of Tidal Power Generation System
Toyota CRDL Succeeds in World's First Artificial Photosynthesis Using only Water and CO2
Japanese Companies to Test New System to Promote Use of Electric-Powered Taxis, Reduce GHGs
Hitachi Zosen Inova AG based in Switzerland Subsidiary Accepts Order to Construct Municipal Energy-from-Waste Plant in UK


Japanese Institute Evaluates Carbon Balances of Tropical Forests in Southeast Asia, Deforestation Effects using New Model
Honda to Reduce CO2 Emissions from Global Products by 30%
Toyota CRDL Succeeds in World's First Artificial Photosynthesis Using only Water and CO2
Temperatures at Higher Latitudes of Northern Hemisphere to Rise More than Predicted
Japanese Shipping Company Releases Online CO2 Calculator for Cargo Transport


Japanese Companies to Test New System to Promote Use of Electric-Powered Taxis, Reduce GHGs
Toyota Industries Develops Air-Powered Car
'No My Car Week' Reduces 22.4 Tons of CO2 in Japanese City
EV Car Sharing and Rental Car Home-Delivery Services Offered at Newly Built Condominium
Mitsubishi Motors, Others Announce Devices to Convert EV Battery Power for Home Use

Creative Commons