Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios

Alternative vehicle technologies promise a sustainable future by reducing carbon emissions and pollution. However, their widespread adoption tends to be slow due to high costs and uncertainties in benefits. Using a life cycle-based approach, this study calculates ownership savings and societal benef...

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Main Authors: Lopez, Neil Stephen A., Soliman, Jimwell, Biona, Jose Bienvenido Manuel M., Fulton, Lewis
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Published: Animo Repository 2020
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Online Access:https://animorepository.dlsu.edu.ph/faculty_research/1604
https://animorepository.dlsu.edu.ph/context/faculty_research/article/2603/type/native/viewcontent
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Institution: De La Salle University
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spelling oai:animorepository.dlsu.edu.ph:faculty_research-26032023-01-16T00:08:03Z Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios Lopez, Neil Stephen A. Soliman, Jimwell Biona, Jose Bienvenido Manuel M. Fulton, Lewis Alternative vehicle technologies promise a sustainable future by reducing carbon emissions and pollution. However, their widespread adoption tends to be slow due to high costs and uncertainties in benefits. Using a life cycle-based approach, this study calculates ownership savings and societal benefits for various alternative vehicle technologies against their baseline vehicle technology (e.g. gasoline or diesel). The assessment is performed from a developing country context – in the Philippines. Furthermore, immediate and distant future scenarios are modeled. The immediate future scenario assesses costs and benefits if the shift is to happen now, while the distant future scenario considers the effect of widespread autonomous driving and ridesharing. The results of the study echo the significant societal benefits from electric- and fuel cell-powered vehicles found in literature, but they are hindered by high ownership costs. In the immediate future, the diesel hybrid electric vehicle can potentially have both positive societal and operational costs for public transportation. For a gasoline-powered private passenger car, a simple shift to diesel, 20% biodiesel or 85% methanol can be beneficial. In the distant future, it is expected that autonomous, rideshared vehicles can potentially lure people away from driving their own vehicles, because of lower costs per passenger-kilometer while sustaining the privacy and comfort of a private car. © 2020 Elsevier Ltd 2020-05-01T07:00:00Z text text/html https://animorepository.dlsu.edu.ph/faculty_research/1604 https://animorepository.dlsu.edu.ph/context/faculty_research/article/2603/type/native/viewcontent Faculty Research Work Animo Repository Alternative fuel vehicles--Philippines—Cost effectiveness
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
topic Alternative fuel vehicles--Philippines—Cost effectiveness
spellingShingle Alternative fuel vehicles--Philippines—Cost effectiveness
Lopez, Neil Stephen A.
Soliman, Jimwell
Biona, Jose Bienvenido Manuel M.
Fulton, Lewis
Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios
description Alternative vehicle technologies promise a sustainable future by reducing carbon emissions and pollution. However, their widespread adoption tends to be slow due to high costs and uncertainties in benefits. Using a life cycle-based approach, this study calculates ownership savings and societal benefits for various alternative vehicle technologies against their baseline vehicle technology (e.g. gasoline or diesel). The assessment is performed from a developing country context – in the Philippines. Furthermore, immediate and distant future scenarios are modeled. The immediate future scenario assesses costs and benefits if the shift is to happen now, while the distant future scenario considers the effect of widespread autonomous driving and ridesharing. The results of the study echo the significant societal benefits from electric- and fuel cell-powered vehicles found in literature, but they are hindered by high ownership costs. In the immediate future, the diesel hybrid electric vehicle can potentially have both positive societal and operational costs for public transportation. For a gasoline-powered private passenger car, a simple shift to diesel, 20% biodiesel or 85% methanol can be beneficial. In the distant future, it is expected that autonomous, rideshared vehicles can potentially lure people away from driving their own vehicles, because of lower costs per passenger-kilometer while sustaining the privacy and comfort of a private car. © 2020 Elsevier Ltd
format text
author Lopez, Neil Stephen A.
Soliman, Jimwell
Biona, Jose Bienvenido Manuel M.
Fulton, Lewis
author_facet Lopez, Neil Stephen A.
Soliman, Jimwell
Biona, Jose Bienvenido Manuel M.
Fulton, Lewis
author_sort Lopez, Neil Stephen A.
title Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios
title_short Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios
title_full Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios
title_fullStr Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios
title_full_unstemmed Cost-benefit analysis of alternative vehicles in the Philippines using immediate and distant future scenarios
title_sort cost-benefit analysis of alternative vehicles in the philippines using immediate and distant future scenarios
publisher Animo Repository
publishDate 2020
url https://animorepository.dlsu.edu.ph/faculty_research/1604
https://animorepository.dlsu.edu.ph/context/faculty_research/article/2603/type/native/viewcontent
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