TOKYO - Japanese auto giant Toyota will start selling its first fuel cell sedan this financial year, with a price tag of around 7 million yen ($70,000), the company announced Wednesday.
The vehicles will be rolled out by March and beyond the home market during the summer of 2015, it said, in a move that will see the environmentally friendly cars available in the United States and Europe.
"Hydrogen is a particularly promising alternative fuel since it can be produced using a wide variety of primary energy sources, including solar and wind power," the automaker said in a statement.
This is the first time Toyota has given a specific timeframe for its fuel cell cars, which it had previously said would go on the market in 2015.
The price tag is also a nice surprise for potential customers -- it had been widely expected that a fuel cell vehicle would cost around 10 million yen.
The company said it will initially start selling the model only in the regions "where hydrogen refuelling infrastructure is being developed".