GM CEO: FCVs 10X more expensive than electric

GM CEO Fritz Henderson sat down with reporters and editors from the Washington Post yesterday. No real news on the Volt, but his comments on Fuel Cell Vehicles should cause a stir. Anyone at CARB in Sacramento paying attention?

Post: Is GM pulling back on its hydrogen car?

Henderson: "Are we putting resources into it? Not as much. . . . We spent through the mid part of this decade a reasonably high portion of our research and our development money on hydrogen fuel cells. We put 100 vehicles into the market. Consumers have tested them . . . We've learned a lot. The vehicles work. The issue is always cost, 100 percent cost. [He put the cost of the vehicles at upwards of $400,000.]

"It's still a ways away from commercialization. No question."

[Source: Washington Post]