Would You Drive A Car On Hydrogen Fuel? What About Electricity? One New Honda Hybrid Can Do Both
Portfolio Pulse from Hayden Buckfire
Honda Motor Co Ltd (NYSE:HMC) has introduced the Honda CR-V e:FCEV, a hybrid vehicle that runs on both hydrogen and electricity. The vehicle offers 29 miles of electric range and 241 miles of hydrogen range. Leasing options range from $389 to $489 per month, with a hydrogen fuel credit included. However, practicality concerns arise due to limited hydrogen fueling stations and the availability of cheaper electric vehicles like the Tesla Model 3.
June 26, 2024 | 4:00 pm
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Honda has introduced the CR-V e:FCEV, a hybrid vehicle that runs on both hydrogen and electricity. Leasing options range from $389 to $489 per month, with a hydrogen fuel credit included. However, the vehicle's practicality is questioned due to limited hydrogen fueling stations and the availability of cheaper electric vehicles like the Tesla Model 3.
While the introduction of the CR-V e:FCEV showcases Honda's innovation in sustainable vehicles, the limited infrastructure for hydrogen fueling and the availability of cheaper electric vehicles like the Tesla Model 3 may limit its market impact. This could result in a neutral short-term impact on Honda's stock price.
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