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Analyzing the competitiveness of low-carbon drive-technologies in road-freight: A total cost of ownership analysis in Europe.
- Source :
-
Applied Energy . Jan2022:Part B, Vol. 306, pN.PAG-N.PAG. 1p. - Publication Year :
- 2022
-
Abstract
- • Road-freight TCO compared for 5 drive-technologies in 3 applications, 10 countries. • A database of costs for road-freight TCO parameters is newly compiled. • Low-carbon vehicles largely competitive in light- and medium-duty segments. • Low-carbon vehicles competitive in heavy-duty segments in selected countries. • Findings indicate three important TCO parameters to drive this competitiveness. In light of the Paris Agreement, road-freight represents a critically difficult-to-abate sector. In order to meet the ambitious European transport sector emissions reduction targets, a rapid transition to zero-carbon road-freight is necessary. However, limited policy assessments indicate where and how to appropriately intervene in this sector. To support policy-makers in accelerating the zero-carbon road-freight transition, this paper examines the relative cost competitiveness between commercial vehicles of varying alternative drive-technologies through a total cost of ownership (TCO) assessment. We identify key parameters that, when targeted, enable the uptake of these more sustainable niche technologies. The assessment is based on a newly compiled database of cost parameters which were triangulated through expert interviews. The results show that cost competitiveness for low- or zero-emission niche technologies in certain application segments and European countries is exhibited already today. In particular, we find battery electric vehicles to show great promise in the light- and medium-duty segments, but also in the heavy-duty long-haul segments in countries that have enacted targeted policy measures. Three TCO parameters drive this competitiveness: tolls, fuel costs, and CAPEX subsidies. Based on our analysis, we propose that policy-makers target OPEX before CAPEX parameters as well utilize a mix of policy interventions to ensure greater reach, increased efficiency, and increased policy flexibility. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 03062619
- Volume :
- 306
- Database :
- Academic Search Index
- Journal :
- Applied Energy
- Publication Type :
- Academic Journal
- Accession number :
- 153901859
- Full Text :
- https://doi.org/10.1016/j.apenergy.2021.118079