Future Cost Benefits Analysis for Electrified Vehicles from Advances Due to U.S. Department of Energy Targets
The U.S. Department of Energy’s Vehicle Technologies Office (DOE-VTO) supports research and development (R&D), as well as deployment of efficient and sustainable transportation technologies, that will improve energy efficiency and fuel economy and enable America to use less petroleum. To accelerate the creation and adoption of new technologies, DOE-VTO has developed specific targets for a wide range of powertrain technologies (e.g., engine, battery, electric machine, lightweighting, etc.). This paper quantifies the impact of VTO R&D on vehicle energy consumption and cost compared to expected historical improvements across vehicle classes, powertrains, component technologies and timeframes. We have implemented a large scale simulation process to develop and simulate tens of thousands of vehicles on U.S. standard driving cycles using Autonomie, a vehicle simulation tool developed by Argonne National Laboratory. Results demonstrate significant additional reductions in both cost and energy consumption due to the existence of VTO R&D targets compared to predicted historical trends. It is observed that, over time, the fuel consumption of different electrified vehicles is expected to decrease by 40–50% and a reduction of 45–55% for vehicle manufacturing costs owing to significant improvements through various VTO R&D targets.