Incremental Purchase Cost Methodology and Results for Clean Vehicles

The goal of reducing costs and in turn achieving cost parity for plug-in and fuel cell vehicles compared with internal combustion engine vehicles has driven numerous Department of Energy (DOE) research efforts. Achieving up front cost parity (i.e., reducing the purchase price differential, referred to hereafter as “incremental cost,” to zero between these vehicle types) is of interest to those who purchase vehicles and to the companies that manufacture them. Variation across vehicle makes and models and the lack of a directly comparable vehicle in most cases may make it difficult to directly determine the incremental cost of vehicle electrification technologies by comparing two actual vehicles for sale. This document sets forth DOE’s current approach for determining an incremental cost for a plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV), or fuel cell electric vehicle (FCEV) using current costs. The current results for several classes of vehicles are provided.

• Record URL:
  • https://www.energy.gov/sites/default/files/2023-12/2023.12.18%20Incremental%20Purchase%20Cost%20Methodology%20and%20Results%20for%20Clean%20Vehicles%20pub%2012-2022%20amd%2012-2023%20Final_2.pdf
• Supplemental Notes:
  • Originally published December 2022 and amended December 2023.
• Corporate Authors:

  Department of Energy

  Office of Energy Efficiency and Renewable Energy
  1000 Independence Avenue, SW
  Washington, DC  United States  20585
• Publication Date: 2023-12

Language

• English

Media Info

• Media Type: Digital/other
• Features: References; Tables;
• Pagination: 7p

Subject/Index Terms

• TRT Terms: Costs; Electric vehicles; Fuel cell vehicles; Plug-in hybrid vehicles
• Subject Areas: Energy; Finance; Highways; Vehicles and Equipment;

Filing Info

• Accession Number: 01905168
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 22 2024 8:56AM