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Jun 8, 2005

TECHNOLGY - USA - Revving Up Fuel Cells

WASHINGTON, D.C.,USA - FORBES,by Andrew T. Gillies -06.01.05: -- On a drizzly day in Washington a bunch of lining cars powered by fuel cells parkeds at the Capitol... The cars, from General Motors, DaimlerChrysler, and Nissan Motor, were part of a technology showcase sponsored by the U.S. Fuel Cell Council, an industry group... a tax provision would subsidize 15% of the price of fuel cell technology bought by private entities... As it stands now, the Senate bill authorizes $860 million from fiscal 2006 through 2010 for the promotion of fuel cell technologies... the Senate legislation sets forth both a purchasing provision and more targets in terms of commercial viability, such as 2.5 million hydrogen-fueled vehicles on the roads by 2020...

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