Alternative Fuel Vehicles: Current Technology, Costs, and Policy Impacts
Alternative Fuel Vehicles (AFVs) have been suggested as a low-carbon alternative to conventional fossil fuel-based transportation and have received increasing interest, attention and investment from automakers, consumers, policy makers and researchers. While there have been considerable technologies advances in AFV technology, they require further technological advancement to lower costs sufficiently to capture a significant share of the vehicle market that currently continues to be dominated by conventional fossil fuel technologies. We use a Computable General Equilibrium Model (CGE) – ADAGE to integrate expansion of AFVs along with rapidly changing electricity generation sources to examine the market potential of alternative fuel technologies, interactions between expanded use of these technologies and the U.S. economy, energy and food, coupled with net environmental benefits. Results show that AFVs not only compete with each other, but also with conventional fuel vehicles which promotes biofuel usage. The results would provide some policy implications for policy design on how to view consumers’ acceptance of AFVs and their potential role in meeting overall fuel economy standards.
Badri Narayanan Gopalakrishnan
Professor, University of Washington-Seattle
Badri Narayanan Gopalakrishnan, PhD
Dr. Badri Narayanan Gopalakrishnan is a faculty member and economist with the School of Environmental and Forestry Sciences, University of Washington-Seattle.
His broad expertise lies in the analysis for international economic policy, employing a variety of quantitative models. Recently, apart from his 17+ years of applied economic research experience in trade, energy/environment and development issues, he has been working on several other issues such as business economics of new technologies, including new "Cleantech."
He has a PhD in Economics from Indira Gandhi Institute of Development Research (IGIDR), Mumbai and BTech from PSG College of Technology, Coimbatore.