Hydrogen Fuel Cell by Toyota
Toyota Hydrogen Fuel Cell Trucks and Vehicles
Toyota hydrogen fuel cell trucks and vehicles, will help the Toyota Company to achieve its mission and vision since this will greatly help in improving the environment. The profitability of this brand will be felt even by the consumers since they stand to gain from the brand since they will receive incentives from the department of motor vehicle (DMV). This includes tax incentives, discounted entrance fees on parking lots in packs and even ports.
Advantages of Hydrogen Fuel Cell Technology
The vision of the new brand is the improvement of future lives with innovation with an environmental contribution as well as a technological advancement on mobility. Writers who offer marketing management assignment help at Edudorm essay writing service notes that since the main aim of using hydrogen fuel cell is to help improve the environment by reducing the toxic levels in car emissions the new brands vision will help us move forward with this. The mission statement best people, best technology will also be followed since it will be a breakthrough in the technological motor world (Toyota 2016).
Importance of Hydrogen Fuel Cell Business Model
The profitability of the brand cannot be summed up in a business model since its main aim is to create a new social culture where companies have the moral social obligation to create product that are more beneficial to the company and the world in general. This is achieved in the environment friendly vehicles.
Challenges of this Technology
The major risk of the brand is that most customers will not exactly shift to hydrogen fuel cell vehicles therefore will be less profitable as compared to gasoline based vehicles though the brand will eventually be profitable since most nations are advising their citizens to use more environment friendly products (Time, 2008) Therefore, in the long run when everyone will be shifting to hydrogen fuel, the brand will be a major hit.
References
Time. (2012, May 28). Why Companies Can No Longer Afford to Ignore Their Social Responsibilities.
Toyota. (2016, June 3). Vision & Mission.
