Electric Vehicle Stocks That Aren’t Tesla: Toyota Motors (TM)
… that the Japanese carmaker will be building fuel cell-powered passenger automobiles by 2015. At this year’s Consumer Electronics Show in Las Vegas, Toyota Motors (TM) unveiled plans to produce a no-emissions vehicle by next year, primarily for the California market where the state government has pledged $200 million to build 20 new hydrogen filling stations also buy 2015.
This is hardly a guaranteed tailwind for TM stock, as it’s tough to be the first to mass-produce something for ordinary consumers that up until this point has only played a niche, non-consumer role.
But if any company can make fuel cell cars common, it’s Toyota Motors. Remember, fifteen years ago the Prius was never supposed to “go over”, and now it’s one of Toyota’s most recognized and most-respected automobiles.