Toyota Plans December Debut for Fuel-Cell Car

Toyota Motor Corp. will begin selling the first of its new four-passenger fuel-cell cars in Japan in December, according to The Nikkei.

The car, expected to be called Mirai (Japanese for "future"), will retail for about 7 million yen ($60,000). But government subsidies will reduce the transaction price by nearly 30%.

The car can travel about 650 km (400 miles) per tank of hydrogen, The Nikkei says. A refill takes about three minutes.

Toyota will initially market the car in Fukuoka, Nagoya, Osaka and Tokyo. The company plans to produce about 700 cars per year, selling roughly two-thirds to government agencies and one-third to private buyers.