IRENA Members Call for Hydrogen Trade Beyond Borders
23 May 2022 | Articles
Plug-in Hybrid Electric Vehicles (PHEVs)
ShowHide Quick Links
PHEVs are becoming commercialised, with mass-produced PHEVs now available to individual customers from an increasing range of manufacturers. Incremental costs over an equivalent ICE vehicle remain high, due to the high cost of battery packs. However, as battery technology improves and costs fall, PHEVs will become an increasingly economic choice for road transport. PHEV batteries are smaller than those in pure electric vehicles, but need to be more flexible, resulting in higher specific battery pack costs (~30%) due to the need for more robust battery cells (to handle increased cycling) and higher balance of system and battery management system costs.
Incremental costs depend on the size of the battery pack, but ranged from around USD 8 000 to USD 17 000 per vehicle in 2013. However, despite PHEV deployment being in its infancy, some manufacturers offerings – depending on all-electric range, relative electricity and gasoline prices, driving patterns and annual vehicle travel – already provide economic savings compared to the equivalent conventional ICE vehicle. As battery costs decline with increased deployment, this will be true for a wider range of vehicles and market segments by 2020.
Featured
Road Transport: The Cost of Renewable Solutions
Advanced biofuels, electric vehicles and biomethane for transport could be competitive against fossil-fuel transport options by 2020 in an increasing number of market segments, as long as support policies are enhanced and expanded. IRENA’s costing study, Road Transport: The Cost of Renewable Solutions, finds an increasingly positive outlook for the use of renewable energy in road transport by 2020 and beyond.- July 2013
- |
- Costs, Transport
- |
- English
Recent Publications
Related Content
Related Work
Upcoming Events
Collaborative Framework on Enhancing Dialogue on High Shares of Renewables in Energy Systems
02 June 2022 |Virtual
The meeting will provide a platform for an exchange of experiences and best practices regarding the...
Past Events
Consultative Workshop on IRENA North African Power Pool Modelling
21 March 2022 | Virtual
Two-day online workshop was realised to follow up on the high-priority issues identified by regional...
Accelerating the Energy Transition in Colombia Renewable Energy Auctions
16 February 2022 | Virtual
This virtual event aimed to present the case study of renewable energy auctions in Colombia and at...