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Oh, they can definitely afford to make hydrogen, and it would help with the oil problems. Getting rid of the pollution is the expensive part, though. It is not just converting that costs money, but the infrastructure depends on what is being currently produced. It has to be phased in, the components have to be made and installed, power sources have to be changed, -while- still supporting fossil fuels in the transition phase (otherwise things will collapse).
Yeah, it creates a lot of energy to make components to make everything for a brand new car, of course.