MI: Social Cost Comparison Among Fuel Cell Vehicle Alternatives

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

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NEW VEHICLE COST:

Since much of this technology is in the early stages of development, it is easy to imagine the number of uncertainties involved in this kind of calculation. In addition, the limited number of studies currently available aggravates the task of determining reference figures. In spite of these concerns, a set of vehicle costs was assumed as shown in table-1. Most of these numbers represent a mature technology, and a learning curve should be considered at each technology introduction phase (Lipman, 1999). For the purpose of this study, these numbers can be considered as a constant average.

Table-1: Cost of Different Passenger Car Fuel Cell Technologies (1998 US$)

Vehicle	Gasoline				Methanol		Hydrogen
($/car)	ICV convent.	ICV Tech-1	Hybrid ICV	FCV	Indirect FCV	Direct FCV ^b	FCV
DTI (1998)	18,000	-	-	22,400 to 24,500	20,800 to 21,600	-	20,000
Ogden (1998)	18,996 ^a	19,196 ^b	-	19,474 to 19,814	19,124 to 19,224	-	19,996
Lipman (1999)	20,558 ^c	-	-	-	-	24,495 ^d	24,570 ^d
Assumed	18,996	19,196	20,194 ^e	21,800	20,500	20,000	20,000

The study gives the incremental cost over the gasoline without specifying it. The assumed cost of $18,624.00 (1997$) is based on the average price for a new vehicle according to AAMA (1997).
The cost is an increment of $200.00 over the cost of the conventional ICV. The value was established based on the comments found in Ogden (1994).
The Ford Taurus was chosen to represent this category.
The cost is calculated for a maximum 300,000 vehicles. To represent much higher production levels, the chosen study values are from the low case and high production volume scenario.
The cost assumed is based on the relation between the incremental cost of a Fuel Cell Hybrid Vehicle and the ICEHV found in Henry K. Ng et al (1996).

VEHICLE MAINTENANCE COST:

The vehicle maintenance costs of $516.00 for conventional ICEV per car per year; $434.00 for Hydrogen-FCV; and $450.00 for Indirect Methanol-FCV; come directly from Ogden and DeLucchi (1993, 1991$). The cost for the hybrid electric-ICE gasoline vehicle is assumed as the composite of 50% EV cost and 50% ICEV or $452.00. For the Gasoline-FCV, the value of $530.00 was established based on the difference between the HFCV and IMFCV costs, and the level of complexity between the FCV configurations found in DTI (1998). For the Direct Methanol-FCV, it is assumed to be equal to the HFCV or $434.00.

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