Ford, Nissan and Daimler have signed an agreement to develop affordable fuel cell electric vehicles that the automakers hope to have on the road by 2017, Detroit Free Press reports.
The newspaper says the three companies are trying to keep up with the likes of Toyota, which has said it will start selling fuel cell vehicles in 2015, first in California; and Honda, which plans to launch a next-generation fuel cell vehicle the same year. That car should be less costly than Honda's first-generation fuel cell auto, the FCX Clarity, which it has leased since 2008.
Hyundai and Kia have also said they will offer a fuel cell vehicle in 2015, according to Detroit Free Press.
Additionally, BMW and Toyota have signed agreements aimed at long-term collaboration for the joint development of a fuel cell system, along with architecture and components for a sports vehicle, lightweight technologies and a “post-lithium” lithium-air battery. Those companies say they are convinced that fuel cell technology is one of the solutions necessary to achieve zero emissions.
Their system will use a fuel cell stack, a hydrogen tank, motor and battery. The companies are aiming for the project to be completed in 2020.
While fuel cell vehicles remain limited today, with no passenger cars on sale and primarily demonstration-driven roll-outs of buses, fuel cell vehicles should grow to a $1.8 billion market by 2030 at a CAGR of 22 percent, according to a Lux Research report published earlier this month.
In other Ford news, the company has published market research that it says will shape its business strategy and new products. It identifies 13 Trends for 2013 including: