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ID105749
Title ProperDevelopment of a market penetration forecasting model for Hydrogen Fuel Cell Vehicles considering infrastructure and cost reduction effects
LanguageENG
AuthorPark, Sang Yong ;  Kim, Jong Wook ;  Lee, Duk Hee
Publication2011.
Summary / Abstract (Note)In order to cope with climate change, the development and deployment of Hydrogen Fuel Cell Vehicles (HFCVs) is becoming more important. In this study, we developed a forecasting model for HFCVs based on the generalized Bass diffusion model and a simulation model using system dynamics. Through the developed model, we could forecast that the saturation of HFCVs in Korea can be moved up 12 years compared with the US. A sensitivity analysis on external variables such as price reduction rates of HFCVs and number of hydrogen refueling stations is also conducted. The results of this study can give insights on the effects of external variables on the market penetration of HFCVs, and the developed model can also be applied to other studies in analyzing the diffusion effects of HFCVs.
`In' analytical NoteEnergy Policy Vol. 39, No. 6; Jun 2011: p3307-3315
Journal SourceEnergy Policy Vol. 39, No. 6; Jun 2011: p3307-3315
Key WordsHydrogen Fuel Cell Vehicle ;  Market Penetration Forecasting ;  Generalized Bass Diffusion Model ;  Hydrogen Fuel