Explainer: Why Asia's biggest economies are backing hydrogen fuel cell cars

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Explainer: Why Asia's biggest economies are backing hydrogen fuel cell cars
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China, Japan and South Korea have set ambitious targets to put millions of hydro...

TOKYO - China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.

But to date, hydrogen fuel cell vehicles have been upstaged by electric vehicles, which are increasingly becoming a mainstream option due to the success of Tesla Inc’s luxury cars as well as sales and production quotas set by China. Japan, a market of more than 5 million vehicles annually, wants to have 800,000 FCVs sold by that time from around 3,400 currently.

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