Alternative Fuel Vehicle Tipping Point Could Be Decades Away
A study by MIT researchers concludes that marketing programs and subsidies will need to be in place for decades in order for the adoption and long-term market penetration of alternative fuel vehicles to become significant and self-sustaining, GreenCarCongress reports.
Results show that there is a tipping point for AFVs that requires policies, such as subsidies for AFVs and fueling infrastructure, that persist long enough to push the AFV installed base over a critical threshold. Efforts falling short of the tipping point will not lead to sustained adoption. According to the article, the time required to achieve self-sustaining adoption is longA?AA¢AA¢aAA¬AA¢a?A¬?on the order of several decadesA?AA¢AA¢aAA¬AA¢a?A¬?primarily due to the long life of vehicles.
The long time required for the AFV market to develop in the simulations, however, suggests that a successful transition to AFVs will likely require policies that raise the real price of gasoline, thus providing the persistent incentive favoring AFVs needed to reach the tipping point.
Energy Manager News
- Three Trends Align to Save Buildings Millions in Energy Costs
- Law Bars Energy Providers from Charging Early Termination Fees in the Event of Death
- Corporations Spend Big on Ballot Initiatives, Crushing Ratepayer Opposition
- Texas Retailer Offers Instant Rebate for Rooftop Solar, Offers High Credits for Excess Solar
- Local, State and the Federal Government Excel at Energy Efficiency
- CA, MA Tie for ACEEE Top Spot
- Integrated Dimmer/LED from Energy Focus
- In Duluth, This Month’s Utility Bills Include a Little Something Extra