Cost-Benefit Analysis of Plug-In Hybrid Electric Vehicle Technology *

  title={Cost-Benefit Analysis of Plug-In Hybrid Electric Vehicle Technology *},
  author={Tony Markel and Andrew J. R. Simpson},
Plug-in hybrid electric vehicles (PHEVs) have emerged as a promising technology that uses electricity to displace petroleum consumption in the vehicle fleet. This paper presents a comparison of the costs (vehicle purchase costs and energy costs) and benefits (reduced petroleum consumption) of PHEVs relative to hybrid electric and conventional vehicles. A detailed simulation model is used to predict petroleum reductions and costs of PHEV designs compared to a baseline midsize sedan. The analysis… CONTINUE READING
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