Toyota's hydrogen-powered Mirai has experienced catastrophic depreciation, losing 65% of its value within just one year on the used market. The 2025 model, which starts at $51,795 new, now sells for as little as $15,000-$18,000 with low mileage, signaling a dramatic collapse in consumer confidence for hydrogen vehicles.

Launched in 2014 as the first mass-produced hydrogen fuel cell vehicle, the Mirai offered 182 horsepower and 220 lb-ft of torque with a 0-60 mph time of 9.1 seconds. The second generation, introduced in 2021, improved driving range by 30% and added advanced safety features. Despite these updates, the car's value has plummeted due to hydrogen's limited infrastructure and the rise of battery electric vehicles.

With only 54 hydrogen filling stations in the US—all located in California—the Mirai faces severe geographical limitations. The US government is investing $635 million in EV charging infrastructure compared to just $80 million for hydrogen, with new stations focusing exclusively on commercial trucks rather than passenger cars. This infrastructure gap, combined with concerns about maintenance complexity and parts availability, has made used Mirai purchases increasingly unattractive to consumers.