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To be straight, a hydrogen powered car already exists, but it's too expensive. That could change with a new announcement.
Ford, Nissan and Daimler have announced an alliance to joinly produce affordable hydrogen powered vehicles. They could be on the road within four years. The biggest cost comes in the fuel cells and the biggest effort of this new alliance will be to bring down the cost of those. The fuel cells generate electricity through a chemical reaction that combines hydrogen and oxygen to make water.
The biggest advantage over an electric car is time. Unlike the electric car that takes time to charge the battery, the high pressure tanks on hydrogen vehicles can be refilled in a matter of minutes. The process has been used in satellites and generators for years, but has proven too expensive for road vehicles.
Daimler's Mercedes-Benz has been operating a small fleet of fuel-cell powered test cars called the F-Cell in California.
One thing that's been holding it back is a familiar one...the lack of infrastructure.
But at least with this announcement you could say the conclusion is: Fact