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June 27th, 2008 (Modified on July 1st, 2008)

The Debut of Hydrogen

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California unveiled the first retail hydrogen fuel station in the United States yesterday. Hydrogen, an eco-friendly alternative to gasoline, emits no carbon dioxide, only water vapor. There are very few hydrogen fuel-cell vehicles on US roads. The nearly 100 hydrogen vehicles in California, produced by Chevy and BMW, are all part of demonstration and promotional programs; Honda is set to release their hydrogen model very soon. Auto Manufacturers will not be able to mass-produce hydrogen vehicles at a reasonable cost, until there are more hydrogen fuel stations.

With oil prices reaching over $142 a barrel today, a 40% increase this year alone, many vehicle companies are investing in alternate-fuel models, as well as phasing out larger-size models that are not selling well. General Motors, the world’s largest auto maker, has witnessed their shares drop to $12, their lowest level since 1955. GM shares peaked at $94.62 in 2000.

Full-size pickup truck sales have dropped by over 21% in May. Despite those dismal numbers, Chrysler/Dodge is optimistic about their new 2009 Dodge Ram model, that executives says will compete well with the competition. Although Ram sales have slumped by 27% through May, Chrysler defends their continued production of pickups saying there still are a lot of people that use and depend upon trucks.

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One Response to “The Debut of Hydrogen”

  1. Hydrogen Fuel Cell » Blog Archive » The Debut of Hydrogen Says: July 20th, 2008 at 12:28 am

    [...] Automobile Car Blog wrote an interesting post today onHere’s a quick excerpt [...]

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HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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