Technical Paper
Techno-Economic Assessment of Future Fuels and Vehicle Technologies: Fuel Cell, Batteries, and Natural Gas Prospects in India
2023-04-11
2023-01-0234
This study investigates the techno-economic feasibility of India’s evolving transportation technology. The country’s progressive renewable energy targets (energy independent by 2047) and incentivized policies on lower carbon footprint fuels are accelerating the focus on green transport solutions. A bottom-up approach is utilized to demystify the techno-commercial viability of new technologies. The total cost of ownership (TCO) is an important metric for economic analysis. However, generalized data applications and simplified cost assumptions render inapplicability to local markets. In this study, the TCO model compares the vehicle technology’s energy, emissions, and cost, based on scientific co-relations. A 12-meter-bus market is used to compare Battery-powered Electric buses (BEB), Fuel Cell Electric Buses (FCEB), and prevalent Compressed Natural Gas Engine buses (CNGB) for a service life of 12 years.