“For Yahoo Finance columnist Rick Newman ‘electric cars’ are not the cure for any auto industry ills,” Yahoo Finance reports. “Rather, hydrogen fuel cell technology is what he calls the ‘holy grail’ for automakers. While any number of them have been working on such vehicles no one has solved the problems associated with it.”
Yahoo Finance reports that Newman says, “‘Whoever can figure out how to, number one, get the cost of that hydrogen fuel… down to a tolerable level and then figure out how you fuel the thing because we don’t have hydrogen filling stations yet. That will transform the auto industry more than almost anything you can think of.'”
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