Can hydrogen fuel vehicles be a sustainable alternative on vehicle market?: Comparison of electric and hydrogen fuel cell vehicles

Jungwoo Shin, Won-Sik Hwang and Hyundo Choi

Technological Forecasting and Social Change, 2019, vol. 143, issue C, 239-248

Abstract: Whereas the paradigm shift in the transportation sector caused by climate change previously put electric vehicles (EVs) at the center, hydrogen fuel cell vehicles (HFCVs) have recently emerged as a new driver for change. From an environmental perspective, EVs might not represent an effective alternative to traditional vehicles because their emissions potential depends on how the electricity is produced. HFCVs also have the potential to cause GHG emissions, depending on how the hydrogen is produced. This study considers EVs and HFCVs to be eco-friendly alternatives, and analyzes consumer preferences for the vehicles and their environmental effects, taking into account future competition within the automobile market. For analysis, we divided consumers into drivers and non-drivers and used a conjoint survey and mixed multiple discrete-continuous extreme value model. Our results indicate that both drivers and non-drivers preferred EVs over HFCVs in terms of choice, but the preference structure differed between the driver and non-driver groups in terms of usage levels. To examine the potential environmental effects of EVs and HFCVs, we conducted a scenario analysis. The results will serve as base research material for formulating HFCV-related policies in the light of the probable future outcomes of competition between EVs and HFCVs.

Keywords: Alternative fuel vehicle; Consumer preference; Fuel cell vehicle; Multiple discrete-continuous extreme value model; Market simulation (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (42)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:143:y:2019:i:c:p:239-248

DOI: 10.1016/j.techfore.2019.02.001

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