Toyota is joining the fuel cell craze, and has unveiled its new fuel cell vehicle that goes by the name of "Mirai."
The announcement was made by Toyota CEO Akio Toyoda, who said in a video posted on YouTube that the car is capable of traveling 300 miles on a single hydrogen tank, according to TIME.
The production version of Mirai arrived just before Honda was scheduled to reveal details about its own fuel cell car at a news conference, which could mean competition between the two automakers in the future.
Fuel cells serve as an alternative to large electric battery packs for charging vehicles, CNET reported. Hydrogen and oxygen combine to produce electricity, which the fuel cell collects to create water vapor.
The 2016 Toyota Mirai will help the company meet zero emission vehicle standards currently in place in eight states. Other car companies involved in the fuel game include Hyundai, which is leasing a fuel cell version of its Tuscon SUV, and Audi, which is running tests for a fuel cell version of the A7.
Monday's announcement follows Toyota's introduction of its new fuel cell car in January's Consumer Electronics Show, CNET reported.
Toyota also plans to make sure the Mirai can take drivers on long trips by building hydrogen stations across the U.S., with the lucky states including New York, New Jersey, Connecticut, Rhode Island and Massachusetts.
