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
- Battery Storage Giving Businesses a Break
- Could Ratepayers Foot the Bill for New Hampshire’s Pipelines?
- CenterPoint to Acquire Continuum’s Retail Energy Services Division
- LED Projects Must Be Carefully Planned
- Energy Managers Buoyed By Supreme Court’s Demand Response Decision
- Dover, N.H., Saves More Than Projected Under EPC
- Datacenters Underestimating Coal Use
- Transmission Upgrades Give SPP a $240M ‘Bang for the Buck’