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No More Electric Cars from Toyota

29 July 2014 | US Finance Post

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Toyota Motor Corp announced that it will discontinue the production of electric cars by December 2014.
The move came amid Toyota’s continued focus on developing Fuel Cell Vehicles (FCV), which is a type of car that use fuel cells to power its on board electric motor. FCV technologies mainly use hydrogen fuel cells along with oxygen collected from the natural environment. Toyota’s FCV cars are likely to hit showrooms next year.


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