Title: 2022 Incremental Purchase Cost Methodology and Results for Clean Vehicles
Description: The goal of reducing costs and in turn achieving cost parity for plug-in and fuel cell vehicles compared with internal combustion engine vehicles has driven numerous DOE research efforts. Achieving up front cost parity, or incremental cost, is of interest to those who purchase vehicles and to the companies that manufacture them. Variation across vehicle makes and models and the lack of a directly comparable vehicle in most cases may make it difficult to directly determine the incremental cost of vehicle electrification technologies by comparing two actual vehicles for sale. This document sets forth DOE’s current approach for determining an incremental cost for a plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV), or fuel cell electric vehicle (FCEV) using current costs. The current results for several classes of vehicles are provided.