EV Cost

Researchers at  MIT have analyzed the likely cost of  various alternative vehicles once they are mass produced.  Their results show that the incremental cost of fuel cell electric vehicles will likely be much less than the cost of battery electric vehicles, even though the BEV has shorter range (200 miles) than the FCEV (350 miles) ===>.

A fuel cell electric vehicle with 350 miles range between fueling stops may cost approximately $3,600 more than a conventional car, according to the MIT experts. A battery EV with only 200 miles range is projected to cost $10,200 more in mass production

If we increased the BEV range to even 300 miles, the incremental costs for a BEV would approach $20,000, as shown in this graph------>

Plug-in hybrid electric vehicles with all-electric ranges greater than 30 miles will also cost more than FCEVs with 350 miles range, according to the MIT projections. The PHEV-30 would be able to travel 350 miles on one tank of gasoline, but could only travel 30 miles on electricity from the battery bank. To achieve an all-electric range of 60 miles, the PHEV-60 is estimated by MIT to cost approximately $6,000 more than a regular car.

The McKinsey and Company report on the total cost of ownership (TCO) for vehicles in Europe (based on confidential auto company cost data) estimates that SUV-sizedMcKinsey LLCs FCEVs will have lower cost than either BEVs or PHEVs by 2030, and will eventually (2050) have lower TCO than even gasoline-or diesel-powered ICVs (the McKinsey report did conclude that small A- and B-class BEVs with shorter range would cost less than small FCEVs)



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