MI: Social Cost Comparison Among Fuel Cell Vehicle Alternatives

Social Cost Comparison Among Fuel Cell Vehicle Alternatives (cont.)

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Table-8: Social Costs for Alternative FCV Scenarios from 2003 to 2050

1998 US$ Billions	New vehicles	Maintenance	Fuel	Private/Cost	Health Dam.	Social
	Cost	Cost	Cost	(Monetary)	Cost	Cost
Refor. Gasoline	19846.68	7994.76	4445.87	32287.31	720.50	33007.81
Hydrogen	17893.07	7305.05	4182.33	29380.45	637.23	30017.67
Methanol	18240.73	7306.99	4017.96	29565.68	633.58	30199.27

Considering that human health cost is the most important driver for vehicle technology change, it is interesting to note that the methanol scenario brings more benefits despite the fact that this study does not consider "solar" methanol and does consider "solar" hydrogen (See Figure-6). The hydrogen scenario can be inexpensive, but the overall cost of the methanol scenario is less than 1 % different from the hydrogen scenario, and the main reason for that is the cost of the new vehicles (See Figure-7).

Figure 6: Comparison of the total human health damage cost

Saving over Gasoline Scenario

Figure 7: Relative comparison of the monetary private cost

Sensitivity Analysis for Vehicle Cost

Figure-8: Influence of Hydrogen and Methanol Vehicle Costs in Overall Results

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