Is Wall Street Wrong on Fuel Cells?

Is Wall Street wrong on fuel cells? That's what Ballard Power Systems, CEO Dennis Campbell, recently told Autoweek. "Wall Street has very short vision. All the fuel cell stocks have been hammered. I can't explain it."

Still, even under the best, best, best case scenario, fuel cell cars are at least a decade away from reality. At that point they will still be very expensive, and fueling stations could still be a major issue. Even if Ballard does perfect a fuel cell stack, integrating them into automobiles is another important obstacle and demonstrates the vast upside of some hybrid vehicles.

Toyota hybrid vehicles, such as the Highlander hybrid and the Prius, have only begun to achieve their potential. Both these vehicles serve as platforms for gasoline-electric hybrids, but more important, they serve as the platform for fuel cell vehicles as well.

Hybrid vehicles can help make fuel cell vehicles a reality much faster, and they can help us deal with today's oil-dependency problem, today. Can America really afford to wait another decade or two before taking action?