Investigating the Future of Freight Transport Low Carbon Technologies Market Acceptance across Different Regions

Mohamed Ali Saafi (), Victor Gordillo, Omar Alharbi and Madeleine Mitschler
Additional contact information
Mohamed Ali Saafi: Strategic Transport Analysis Team, Aramco Overseas Company, Rueil-Malmaison, 92500 Paris, France
Victor Gordillo: Strategic Transport Analysis Team, Aramco Overseas Company, Rueil-Malmaison, 92500 Paris, France
Omar Alharbi: Strategic Transport Analysis Team, Aramco Overseas Company, Rueil-Malmaison, 92500 Paris, France
Madeleine Mitschler: Strategic Transport Analysis Team, Aramco Overseas Company, Rueil-Malmaison, 92500 Paris, France

Energies, 2024, vol. 17, issue 19, 1-22

Abstract: Fighting climate change has become a major task worldwide. One of the key energy sectors to emit greenhouse gases is transportation. Therefore, long term strategies all over the world have been set up to reduce on-road combustion emissions. In this context, the road freight sector faces significant challenges in decarbonization, driven by its limited availability of low-emission fuels and commercialized zero-emission vehicles compared with its high energy demand. In this work, we develop the Mobility and Energy Transportation Analysis (META) Model, a python-based optimization model to quantify the impact of transportation projected policies on freight transport by projecting conventional and alternative fuel technologies market acceptance as well as greenhouse gas (GHG) emissions. Along with introducing e-fuels as an alternative refueling option for conventional vehicles, META investigates the market opportunities of Mobile Carbon Capture (MCC) until 2050. To accurately assess this technology, a techno-economic analysis is essential to compare MCC abatement cost to alternative decarbonization technologies such as electric trucks. The novelty of this work comes from the detailed cost categories taken into consideration in the analysis, including intangible costs associated with heavy-duty technologies, such as recharging/refueling time, cargo capacity limitations, and consumer acceptance towards emerging technologies across different regions. Based on the study results, the competitive total cost of ownership (TCO) and marginal abatement cost (MAC) values of MCC make it an economically promising alternative option to decarbonize the freight transport sector. Both in the KSA and EU, MCC options could reach greater than 50% market shares of all ICE vehicle sales, equivalent to a combined 35% of all new sales shares by 2035.

Keywords: low-carbon; emissions; freight transport; market penetration; optimization; hydrogen; carbon capture; e-trucks (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/17/19/4925/pdf (application/pdf)
https://www.mdpi.com/1996-1073/17/19/4925/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:17:y:2024:i:19:p:4925-:d:1490740

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().