Toyota Motor Corp. announced Tuesday it will start selling the world's first commercial fuel-cell vehicle in Japan on Dec. 15.

The new fuel-cell sedan, named the Mirai, which means future in Japanese, will run ¥7.23 million including consumption tax, but that price will be offset by the government's ¥2 million rebate for environmentally friendly cars.

"Considering the new beginning of this type of mobility and of Toyota, we couldn't think of any better name than Mirai," Toyota Executive Vice President Mitsuhisa Kato said at a Tokyo news conference.