Note: Cost and price estimates depend on many assumptions and are subject to great uncertainty. For example, different companies may subsidize new vehicles and technologies with different strategies in mind. Costs listed are additional costs only, relative to baseline average new car and light truck purchase prices (in 2007 dollars) that were calculated as follows:
—Average new car: $14,000 production cost × 1.4 (a representative retail price equivalent factor) = an average purchase price of $19,600.
—Average new light truck: $15,000 × 1.4 = $21,000.
These are not meant to represent current average costs. Rather, they are the costs used in this analysis. Details on how the costs were estimated can be found in NAS-NAE-NRC (2009).
For the purpose of these estimates, the PHEV all-electric driving range is 30 miles; the BEV driving range is 200 miles. Advanced battery and fuel-cell system prices are based on target battery and fuel-cell costs from current development programs.
Source: Bandivadekar et al., 2008.