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May 30, 2005

Hydrogen Cars

Is the world at the tipping point of saying yea or nay to a hydrogen economy, at least, for transportation? What trend or world event will force the tipping point? The crystal ball remains fuzzy.

Ford and General Motors are in dire financial straits. Credit rating agencies saw the automakers' plights as so desperate they cut their credit ratings to junk status, which means it is far more expensive for them to borrow money.

At the same time, both companies are developing hydrogen-powered vehicles, and spending billions to do so. An insider at one company said there's a raging debate about whether the automaker should be spending those billions on technologies that appear to be far in the future. The debate centers around whether those billions should be cut to save money (and maybe the future of the company), or reallocate those billions to new products that will keep the company afloat in the short run.

Dennis Campbell, chief executive of a premier company in developing fuel cells, Ballard Power Systems Inc., based in Vancouver, British Columbia, thinks we're approaching the tipping point toward a hydrogen economy.

Complete Article

Posted by thinkingmachine at May 30, 2005 02:57 PM

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