Former European Parliament president Pat Cox is estimating Toyota will lose between €50,000 and €100,000 for each fuel cell vehicle they will sell.

Former European Parliament president Pat Cox is estimating Toyota will lose between €50,000 and €100,000 for each fuel cell vehicle they will sell.

Currently the high level coordinator for TransEuropean Network, Cox declared during the 2014 Michelin Challenge Bibendum in Chengdu, China that Toyota will sell the fuel cell vehicle (reportedly called Mirai) in Europe for approximately €50,000 and for each car they will take a loss estimated at between €50,000 and €100,000.

Jana Hartline who is the environmental communications manager for Toyota Motor Sales in United States refused to reply directly to Cox's statement but did say the fuel cell vehicle will have a different price and launch plan for each market: Europe, United States and Japan, with more details to be disclosed in the near future.

Described by Toyota as the "car of the future", the FCV / Mirai will have a range of approximately 300 miles (482 km) and will need about ten seconds to cover the 0-62 mph (0-100 km/h) sprint, according to preliminary specifications. A full refill of the hydrogen tank will take around three minutes which is only a little bit more than the regular gas tank refill.

It will go on sale at first at home in Japan in April, while United States and Europe will have to wait until the summer of 2015.

Check out the source link below to find out what Cox had to say about the infrastructure necessary for fuel cell vehicles.

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Toyota could lose up to €100,000 for each Mirai sold