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Integrating market penetration and cost technologies (IMPACT): Procurement incentives on fuel cell electric truck adoption in California.

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Title: Integrating market penetration and cost technologies (IMPACT): Procurement incentives on fuel cell electric truck adoption in California.
Authors: Zhao, Jingyuan1 (AUTHOR) jyzhao@ucdavis.edu, Burke, Andrew F.1 (AUTHOR), Miller, Marshall R.1 (AUTHOR), Fulton, Lewis M.1 (AUTHOR)
Source: International Journal of Hydrogen Energy. Dec2024, Vol. 94, p1266-1287. 22p.
Subjects: Incentive (Psychology), Market penetration, Monetary incentives, Fuel cells, Tax credits
Abstract: In the United States, both federal and local governments have instituted various financial incentives to promote the adoption of zero-emission vehicles (ZEVs) within their transportation sectors. However, it remains unclear whether these procurement incentives can effectively stimulate the adoption of ZEVs to achieve the expected targets, especially given the wide range of financial and non-financial factors anticipated in the coming decades. To investigate the energy, economic, and environmental aspects of the transition toward ZEVs, we developed the Integrating Market Penetration and Cost Technologies (IMPACT) model. In this study, it was tailored as a detailed analytical and quantification tool for investigating financial incentives for medium- and heavy-duty fuel cell electric trucks (FCETs). The IMPACT model comprises three interconnected sub-models: a vehicle cost model, a vehicle choice model, and an infrastructure model, each specifically tailored for the California market from 2024 to 2040. We designed three different incentive plans based on current policies: the IRS Clean Vehicle Tax Credits (CVTC) and the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). The proposed hierarchical method facilitates a robust analysis of these incentives in relation to FCET sales and market shares, providing a quantitative basis to gauge the fiscal impact and effectiveness of these incentives over time. Our findings indicate that while financial incentives are crucial for enhancing FCET adoption, their design and implementation must be meticulously planned. Careful balancing of factors such as vehicle cost, infrastructure availability, and long-term sustainability is essential to optimize policy outcomes. This study underscores the complexity of incentive strategies and offers critical insights for policymakers aiming to expedite the deployment of FCETs and supporting hydrogen infrastructure in California and beyond. • Develops the Integrating Market Penetration and Cost Technologies (IMPACT) integrated model. • Tailors IMPACT to analyze procurement strategies for fuel cell truck (FCET) adoption in California. • Evaluates expenses associated with tax credits and voucher projects for the FCET market penetration. • Quantifies the impact of procurement incentives on FCET sales and market shares from 2024 to 2040. • Provides insights for policymakers to set strategic policies to achieve the 100% ZEV sales target. [ABSTRACT FROM AUTHOR]
Copyright of International Journal of Hydrogen Energy is the property of Pergamon Press - An Imprint of Elsevier Science and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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  Data: Integrating market penetration and cost technologies (IMPACT): Procurement incentives on fuel cell electric truck adoption in California.
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  Data: <searchLink fieldCode="JN" term="%22International+Journal+of+Hydrogen+Energy%22">International Journal of Hydrogen Energy</searchLink>. Dec2024, Vol. 94, p1266-1287. 22p.
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  Data: In the United States, both federal and local governments have instituted various financial incentives to promote the adoption of zero-emission vehicles (ZEVs) within their transportation sectors. However, it remains unclear whether these procurement incentives can effectively stimulate the adoption of ZEVs to achieve the expected targets, especially given the wide range of financial and non-financial factors anticipated in the coming decades. To investigate the energy, economic, and environmental aspects of the transition toward ZEVs, we developed the Integrating Market Penetration and Cost Technologies (IMPACT) model. In this study, it was tailored as a detailed analytical and quantification tool for investigating financial incentives for medium- and heavy-duty fuel cell electric trucks (FCETs). The IMPACT model comprises three interconnected sub-models: a vehicle cost model, a vehicle choice model, and an infrastructure model, each specifically tailored for the California market from 2024 to 2040. We designed three different incentive plans based on current policies: the IRS Clean Vehicle Tax Credits (CVTC) and the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). The proposed hierarchical method facilitates a robust analysis of these incentives in relation to FCET sales and market shares, providing a quantitative basis to gauge the fiscal impact and effectiveness of these incentives over time. Our findings indicate that while financial incentives are crucial for enhancing FCET adoption, their design and implementation must be meticulously planned. Careful balancing of factors such as vehicle cost, infrastructure availability, and long-term sustainability is essential to optimize policy outcomes. This study underscores the complexity of incentive strategies and offers critical insights for policymakers aiming to expedite the deployment of FCETs and supporting hydrogen infrastructure in California and beyond. • Develops the Integrating Market Penetration and Cost Technologies (IMPACT) integrated model. • Tailors IMPACT to analyze procurement strategies for fuel cell truck (FCET) adoption in California. • Evaluates expenses associated with tax credits and voucher projects for the FCET market penetration. • Quantifies the impact of procurement incentives on FCET sales and market shares from 2024 to 2040. • Provides insights for policymakers to set strategic policies to achieve the 100% ZEV sales target. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of International Journal of Hydrogen Energy is the property of Pergamon Press - An Imprint of Elsevier Science and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Type: doi
        Value: 10.1016/j.ijhydene.2024.11.225
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      – Code: eng
        Text: English
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        PageCount: 22
        StartPage: 1266
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      – SubjectFull: Incentive (Psychology)
        Type: general
      – SubjectFull: Market penetration
        Type: general
      – SubjectFull: Monetary incentives
        Type: general
      – SubjectFull: Fuel cells
        Type: general
      – SubjectFull: Tax credits
        Type: general
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      – TitleFull: Integrating market penetration and cost technologies (IMPACT): Procurement incentives on fuel cell electric truck adoption in California.
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            NameFull: Zhao, Jingyuan
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              Text: Dec2024
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              Y: 2024
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