Let me start by saying Hydrogen Fuel Cell vehicles are not for everybody. Being that H2 fueling stations are limited, it's really only feasible in the LA / SF area.
YMMV but see below for the breakdown and explanation transcribed from u/acetech09 on Reddit
I bought one of those dirt cheap Toyota Mirais - still waiting for the catch
I have a 70 mile round-trip commute, and have been casually e-shopping for an electric or hybrid commuter car. But I never found something that that was a) well-priced, b) a worthwhile quality-of-life improvement over my current daily, and 3) charging an EV where I live is possible, but annoying.
My current daily is a 2020 MB Metris cargo van. And while I love it as a hobby equipment hauler, it's just an okay daily. Somewhat noisy, and base model so zero creature comforts to speak of.
Enter this thread:
https://www.reddit.com/r/cars/com...after_tax/
I was intrigued enough to start doing the math and looked into the usability.
8 hours later, I had bought one.
Here's my review of the out-the-door numbers, and a lightweight review of the car from a performance-loving car nerd.
The math with real numbers from my sales agreement:
(edited, changed pricing from monthly to absolute to make it clearer)$50,408.00 (Sale price, $2k under sticker)
+ $5,200 (CA sales tax and registration)
- $20,000 (Cash discount from Toyota corporate)
= $35,608.00 (This is what I financed at 0% APR, 72 months, no fees at all)
- $4,500 (CA tax credit)
- $8,000 (Federal tax credit)
=
$23,108.00 Effective post-tax vehicle price
The vehicle price comes out to
$23,108. BUT, this goes further because of the
complimentary $15,000 fuel card, which is good for about 50,000 miles or 6 years.
So, with that card, it makes sense to compare with other cars by including 50,000 miles of fuel.
Mirai: $23,108 base, free fuel 30mpg gas car: $23,108 base
- $7,500 fuel
= $15,608 out-the-door equivalent 3.4 mi/kwh elec: $23,108 base
- $4,000 fuel
= $19,000 out-the-door equivalent
If you compare it with $15-19k gas/EV equivalent, those vehicles are probably going to be used, with limited warranty remaining. So, there is additional unrealized operating savings with the Mirai as well.
Insurance and registration are about $100/mo for me. This is decently lower than other $50k luxury brands (per my policy at least), but I'm not including it since it's different for everyone.
After the fuel card runs out, the Mirai starts to get more expensive again due to the higher cost of H2 fuel over gas. However, I doubt I'm going to keep the car once the fuel card runs out. And, nobody knows what the depreciation will be like, so I'm keeping it out of this calculation.
That's $15k-$19k, acetech09. Not a 'free car' like some people were saying.
Yes, true. But here's the punchline.
This car is really freaking nice.
It's not 'dirt-cheap' compared to a used commute econobox, but it's
radically cheaper than any other Lexus-like, freeway-autonomous, tech-laden, fully featured and warrantied mid-size sedan.
For the price of
this [craigslist.org], you get
this [imgur.com].
Sure, it's cheap, but, how is it?
You might be a skeptic like me and think it's a $25k corolla with a $25k water-maker under the hood. But it's not. This is a proper, no-compromise luxury sedan. It almost directly compares with a top-spec, $40-45k Avalon, at least. Reportedly, this car was originally designed to be a Lexus, but brand politics happened.
- Spacious, comfy, solid, quiet, cruises like a heavy full-size.
- Radar cruise control, lane following, full autonomy/driver assist package with granular settings. Power everything. Sound isn't audiophile-tier but is about as good as a production car gets.
- Bird's eye view/360 degree cameras, pretty excellent for checking your parking since the visibility is as poor as every other modern car.
- Not exciting to drive, but it's still extremely confident and flat in corners. The 0-60 is 'slow', but it's totally sufficient, and the electric instant-torque makes it capable of cutting through whatever commute conditions you need it to even with lower HP numbers.
- Huge dash screen with android auto/carplay.
- A really handy wireless phone charging pad in the center console.
- The digital instrument cluster display was easy enough to configure and interpret - i'm a big analog dial guy but this one took almost no time to get used to, and feels totally normal now.
- It has a 'pee' button. Seriously. The car auto-dumps the water exhaust when driving, and during shutdown as well - which could dump a lot of water on your garage floor. So you can manually push a button and have the car pee in your driveway before you pull it into your garage.
Any negatives?
Not really. It's not a drivers car of course, but it's a solid premium Toyota and delivers exactly what you expect and want. Really, just minor nitpicks:
- Wireless android auto would be nice, to synergize with the wireless charge pad.
- There isn't multi-user seat memory. That's, bafflingly, part of the +$15k premium trim which is otherwise not really worth it.
- No spare tire, just fix-a-flat and a compressor. Not a huge issue if you're commuting this in the urban areas it's mostly limited to.
- No volume knob on the infotainment, you have to button spam.
The elephant in the room, Hydrogen stations:
Of course, the 'catch' is that you can only drive this car in the bay area and parts of LA. However, there are a lot of people in both those areas who only use their car for commutes and local city-errands. Within these markets, it's still pretty insane that you can get them that cheap - it's not like I'm the only guy who wants one.
Toyota does also give 21 complimentary gas-car rental days to the purchaser, like electric car sellers do, so people can take road trips if needed. 21 days isn't a *lot* but it's decent value.
At the pumps, it's almost exactly like filling up a normal gas car, sometimes there's a 1-2 car wait but they fill fast and it's not a big deal.
Conclusion:
I check all the boxes: lives and commutes near hydrogen stations, can take advantage of the tax credits, and has another vehicle for trips outside the hydrogen network.
Only time will tell if this thing gives me a bunch of mechanical problems, or hydrogen balloons in price, or some other unknown. But for now, I think it'll work out great.
Is hydrogen the future? Probably not. The only clear benefit of fuel cell vehicles over battery electrics is refuel time, at significant complexity and material costs. But I'm sure hydrogen stations will be around as long as this vehicle lasts. But if I ever replace it, it'll probably be electric.
Station map for your area (California only):
https://cafcp.org/stationmap
For Carpool Sticker information:
https://www.arb.ca.gov/msprog/car...arpool.htm
California Clean Vehicle Rebate $4500 for Mirai
https://cleanvehiclerebate.org/en...e-vehicles
Note: Income cap does not apply for Hydrogen Fuel Cell Vehicles
! Source [cleanvehiclerebate.org]
Federal Tax credit $8,000 info
https://afdc.energy.gov/laws/350
Note: this is a tax credit, applied when filling out tax return for 2021)
Source:
https://www.reddit.com/r/cars/com...ta_mirais/
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"The income cap applies for all eligible vehicle types except fuel-cell electric vehicles."
Source: cleanvehiclerebate.org/eng/requirements/1470
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https://cafcp.org/stationmap
Found a few here in socal surprisingly one right next to my house here in orange county
I got a great deal on a 1995 Nissan 300zx with low miles. I paid $3000 for it but I did the math and they are charging me registration based on about a $9000 value.
As for not knowing many who are full BEV; Hello, nice to meet you. I've got two Tesla's and no gas car. One with 110k miles and the other with 40k. I've driven them across the country. Stayed at Airbnb's. I'm not going to lie and say everything is the same as a gas car. But on the long trips where there's been a few inconveniences it's been outweighed by not having to fill up the gas tank biweekly.
Hydrogen stations will never be prime time because they will never be popular and always be expensive. I did research on this once about the cost of a filling station. Hydrogen was $1m to build one and an 8 car supercharger was $80k (this was a decade ago, but in my view nothing has changed). The economics will kill hydrogen every time.
In short: this car is a bad deal for life. The only thought I had for this deal was if the cost was low enough could I actually sell it for scrap and make $$.
I mentioned one BEV/FCEV as one only car. Having two is fine. I have. FCEV and BEV. Tesla supercharger network is proven and works.
I agree that hydrogen has an enormous to uphill battle this my many warnings in my post about knowing what you are getting and not expect things that most likely will not come to fruition.
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factors to consider:
too much risk to get your investment back unless you drive a lot, and have a station next to you.
My boss used to work with a company at, mti, they did small power packs for things like cellphones. Great military applications but far from economical. But sometimes money is no object. As the tech advances in general, it will open up many consumer level avenues. Unfortunately and fortunately, Elon is dominating the ev scene. Fuel cells typical need a small battery buffer anyway. Hopefully Elon deals with the rare earth mining and refines the battery tech otherwise we're starting wars in other countries all over again over raw materials.
factors to consider:
too much risk to get your investment back unless you drive a lot, and have a station next to you.
The warranty on this car is generous.
1) This is FCEV so the maintenance is very close to a regular BEV, plus the air filter.
2) First two years of maintenance, mainly inspections and tire rotation is included
3) Warranty:
a) 36 Months / 36K Basic
b) Powertrain: 60m/60K
c) Fuel Cell System: 96m/100K
d) Restraint Systems: 60m/60K
e) Corrosion Perforation: 60m/unlimited
This car like any other car, even more so, is not an investment but a liability.
FCEV is a luxury option for those that want it and meets these many logistical and personal requirements.
If you have doubts about your commitment, do NOT get this deal or any other FCEV. Run away as fast as you can. I highly urge people to NOT get this FCEV or any FCEV car unless you've done your research and am certain this prototype is for you.
1) This is FCEV so the maintenance is very close to a regular BEV, plus the air filter.
2) First two years of maintenance, mainly inspections and tire rotation is included
3) Warranty:
a) 36 Months / 36K Basic
b) Powertrain: 60m/60K
c) Fuel Cell System: 96m/100K
d) Restraint Systems: 60m/60K
e) Corrosion Perforation: 60m/unlimited
This car like any other car, even more so, is not an investment but a liability.
FCEV is a luxury option for those that want it and meets these many logistical and personal requirements.
If you have doubts about your commitment, do NOT get this deal or any other FCEV. Run away as fast as you can. I highly urge people to NOT get this FCEV or any FCEV car unless you've done your research and am certain this prototype is for you.
Toyota does after an extended warranty on the Mirai for 96m/100K for $2.18K. I am on the fence about keeping it as I have 60days to cancel and get a full refund.
I intended to cancel it but as I drive it more, the more I just enjoy driving it.
https://cleanvehiclerebate.org/en...e-vehicles [cleanvehiclerebate.org]
https://cleanfuelreward.com/find-your-ev/eligible-electric-cars
last date to submit state rebate for prime is 4-5-2021 as it's not longer qualified after that date, $1000 is regular rebate, $2500 extra for low income household, if you don't quality, you can add a relative to title whose income qualifies for the extra 2500, he/she can then file for the $3500 rebate, they only look at income situation for the the person who files for the rebate
as you said , this is sick deal, and this is for the XLE, LE would be even cheaper, yes the mirai is more premium but for practical purpose the prime is much better....the mirai station near me was offline last week I checked.....
I bought 2019 and 2020, this is the lowest after tax credit/rebate price, I don't know why toyota is having a whopping $5000 cash back until 3-31, maybe there is a new style coming out next year with 50 electric miles ? .... to give you perspective, I sold the the 2020 XLE to dealer for 24500 August last year, and now six months later you can get for 18000 after all possible rebates !! BEST deal !!
https://ww3.arb.ca.gov/msprog/lct/vehiclescrap.htm [ca.gov]
https://www.baaqmd.gov/~/media/la....pdf?la=en
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