Abstract
The present study conducts a life cycle cost (LCC) comparison of gasoline, electric, and hydrogen fuel cell vehicles (HFCVs) within a Qatar context. Furthermore, policy instruments are analyzed and optimized to close the gap between HFCVs and other technologies. Initial findings reveal an 8% LCC difference between HFCVs and battery electric vehicles (BEVs), while a 17% gap exists between the latter and internal combustion engine vehicles (ICEVs). Nonetheless, after 25 years, HFCVs’ LCC will be the lowest due to technological advancements and reduced hydrogen production costs. Upon introducing policy measures like environmental taxes, purchase price incentives, and hydrogen fuel subsidies, it is observed that said measures can HFCVs bridge the gap between HFCVs and other technologies. Specifically, a combination of an 80% fuel subsidy and an 18.8% purchase incentive is required to obtain parity between HFCVs and ICEVs, while a 9% purchase incentive is sufficient for HFCV-BEV parity. Finally, it is observed that the deployment of policy instruments diminishes with time, becoming unnecessary after 24 years.
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
Economic, Social, and Cultural Context
KEYWORDS
CLEAN TRANSPORTATION,HYDROGEN MOBILITY,LIFE CYCLE COST,OPTIMIZATION,SUSTAINABILITY
