That's why Toyota is so invested in hydrogen. However, he was careful to add that this doesn't take away from the viability of hydrogen as a gas alternative. It turns out a Toyota engineer, Yoshikazu Tanaka, agrees that it's better to charge an EV by plugging in rather than using hydrogen as constant fuel. Hydrogen fuel cells are their bread and butter. If he and Musk are right, it would have hugely negative implications for companies like Plug.

He doesn't like hydrogen power and doesn't see much of a future in it. These are the guys that agree with Elon Musk, like Barclays' Moses Sutton. The growing EV market and the growing power of the Plug name make it hard to get behind the few remaining bearish analysts. Plug Stock Forecast 2025Р”Вespite the sad performance of this stock recently, investors are still incredibly bullish on Plug Power. Tell it to the majority of analysts who agree that Plug Power stock could double or triple within the next decade. Tell it to the 1,000 auto executives surveyed in 2017, who said hydrogen fuel cells would ultimately outperform battery-powered EVs. Tell it to the over 23,000 forklifts running on hydrogen today. The person who said it, of course, Elon Musk, benefits from tearing down hydrogen fuel cells, promoting his own Telsa lithium-ion battery. Yes, you'll find varying opinions on the matter, namely Elon Musk calling hydrogen fuel cells 'fool cells' and even 'mind-bogglingly stupid.'Р”В«ut often, Musk-isms like these can be explained away by asking, 'Who benefits?' Or, who's got the most at stake in making such a claim? This is primarily in electric vehicles, but it extends to other battery-powered areas as well. Plug Power develops hydrogen fuel cell systems expected to eventually replace conventional batteries.

This company stands for the future of something far bigger than transportation.

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