Neither GM, nor Honda want to build FCEVs, nor does Toyota, Mercedes, or Hyundai. However, these companies must all manufacture a certain number of zero-emission vehicles if they want to do business in California and the 11 other wannabe states that mimic Cali's mandates. The reason that Toyota, and now GM and Honda, are building these vehicles instead of EVs is that California's Air Resources Board (CARB) credits manufacturers more for vehicles that can demonstrate fast refueling and long distances between fill-ups. FCEVs nail both of these metrics in comparison to battery electric vehicles. Many industry analysts say that one FCEV is worth three battery electrics to the manufacturers seeking compliance. With electric vehicle sales down last year compared to 2014, manufacturers want to build the least zero-emission EVs they can in order to lose less money.
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