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Cost-Benefit Analysis of Plug-In Hybrid Electric Vehicle Technology

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Andrew Simpson
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This paper presents a comparison of the costs and benefits of plug-in hybrid electric vehicles (PHEVs) relative to hybrid electric and conventional vehicles. A detailed simulation model is used to predict petroleum reductions and costs of PHEV designs compared to a baseline midsize sedan. Two powertrain technology scenarios are considered to explore the near-term and long-term prospects of PHEVs.