A cost comparison of fuel-cell and battery electric vehicles

This paper compares the manufacturing and refueling costs of a fuel-cell vehicle (FCV) and a battery electric vehicle (BEV) using an automobile model reflecting the largest segment of light-duty vehicles. We use results from widely-cited government studies to compare the manufacturing and refueling costs of a BEV and a FCV capable of delivering 135 hp and driving approximately 300 miles. Our results show that a BEV performs far more favorably in terms of cost, energy efficiency, weight, and volume. The differences are particularly dramatic when we assume that energy is derived from renewable resources.