The importance of vehicle costs, fuel prices, and fuel efficiency to HEV market success. Metadata
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- Main Title The importance of vehicle costs, fuel prices, and fuel efficiency to HEV market success.
Author: Santini, D. J.Creator Type: Personal
Author: Patterson, P. D.Creator Type: Personal
Author: Vyas, A. D.Creator Type: Personal
Sponsor: United States. Department of Energy.Contributor Type: OrganizationContributor Info: US Department of Energy (United States)
Name: Argonne National LaboratoryPlace of Publication: IllinoisAdditional Info: Argonne National Lab., IL (United States)
- Creation: 1999-12-08
- Content Description: Toyota's introduction of a hybrid electric vehicle (HEV) named ''Prius'' in Japan and Honda's proposed introduction of an HEV in the United States have generated considerable interest in the long-term viability of such fuel-efficient vehicles. A performance and cost projection model developed entirely at Argonne National Laboratory (ANL) is used here to estimate costs. ANL staff developed fuel economy estimates by extending conventional vehicle (CV) modeling done primarily under the National Cooperative Highway Research Program. Together, these estimates are employed to analyze dollar costs vs. benefits of two of many possible HEV technologies. We project incremental costs and fuel savings for a Prius-type low-performance hybrid (14.3 seconds zero to 60 mph acceleration, 260 time) and a higher-performance ''mild'' hybrid vehicle, or MHV (11 seconds 260 time). Each HEV is compared to a U.S. Toyota Corolla with automatic transmission (11 seconds 260 time). The base incremental retail price range, projected a decade hence, is $3,200-$3,750, before considering battery replacement cost. Historical data are analyzed to evaluate the effect of fuel price on consumer preferences for vehicle fuel economy, performance, and size. The relationship between fuel price, the level of change in fuel price, and consumer attitude toward higher fuel efficiency is also evaluated. A recent survey on the value of higher fuel efficiency is presented and U.S. commercial viability of the hybrids is evaluated using discount rates of 2090 and 870. Our analysis, with our current HEV cost estimates and current fuel savings estimates, implies that the U.S. market for such HEVS would be quite limited.
- Physical Description: 16 p.
- Keyword: Fuel Consumption
- Keyword: Retail Prices
- STI Subject Categories: 29 Energy Planning, Policy And Economy
- STI Subject Categories: 33 Advanced Propulsion Systems
- Keyword: Efficiency
- Keyword: Cost Estimation
- Keyword: Cost Benefit Analysis
- Keyword: Hybrid Electric-Powered Vehicles
- Keyword: Performance
- Keyword: Market
- Conference: 79th Annual Meeting of the Transportation Research Board, Washington, DC (US), 01/09/2000--01/13/2000
Name: Office of Scientific & Technical Information Technical ReportsCode: OSTI
Name: UNT Libraries Government Documents DepartmentCode: UNTGD
- Report No.: ANL/ES/CP-99917
- Grant Number: W-31-109-ENG-38
- Office of Scientific & Technical Information Report Number: 750495
- Archival Resource Key: ark:/67531/metadc711109
- Display Note: OSTI as DE00750495
- Display Note: Medium: P; Size: 16 pages