Cost and Effectiveness Study of Hybrid Electric Vehicle Technologies Based on China Data

Energy conservation and emission reduction has become increasingly significant for automobiles under the severe energy situation. Hybrid electric vehicle (HEV) technology is one of the most promising solutions. In this study, structures and features of current mainstream hybrid powertrains are classified and illustrated respectively. 30 representative HEV models have been acquired by going through HEV list in the bulletin released by Ministry of Industry and Information Technology of China (MIIT), and the effectiveness of fuel consumption reduction data are also acquired. Based on the basic cost data of EPA, a cost analysis is applied to estimate the incremental cost of those 30 HEVs in China respectively. Further, comparative analysis and comprehensive assessment of cost, and cost effectiveness fuel consumption reduction are processed for each hybrid system. Assessments of the application and the future developing direction for each hybrid system are made.