Economics Analysis by Xxxu

GE1308 Energy Today and Tomorrow

Semester B (2012/2013)

Final Project - Plug-in Hybrid Vehicle

Course instructor: Dr. Walid Daoud

Group: TA1 (Group 8)

Group member: CHAN Pak Yan　　　　 (53083484)

CHOI Lok Ting Surlinna　(53085582)

LEUNG Lok Ping 　　 (52604929)

LEUNG Suet Ying 　　 (51474310)

TAM Wai Pang　　　　　(52601663)

YAM Ka Ki　　　　　 (53086150)

Date of submission: 10/5/2013

Distributions of works:

Chapter: Introduction to Plug-in Hybrid VehicleStudent: CHAN Pak Yan (53083484) | Chapter: Environmental impacts of Plug-inHybrid VehicleStudent: LEUNG Suet Ying (51474310) |

Chapter: Economic impacts of Plug-in Hybrid VehicleStudent: LEUNG Lok Ping (52604929) | Chapter: Social impacts of Plug-in Hybrid VehiclesStudent: YAM Ka Ki (53086150) |

Chapter: Policies can be implemented to promote Plug-in Hybrid VehiclesStudent: CHOI Lok Ting Surlinna (53085582) | Chapter: ConclusionStudent: TAM Wai Pang (52601663) |

1. Introduction to Pug-in Hybrid vehicles

1.1. Background of Plug-in Hybrid Vehicle

The concept of a Plug-in Hybrid Vehicle, using an internal combustion engine to spin a generator that provides power to electric motors, was first introduced by Lohner-Porsche (Seth, 2009: 29). PHV is considered as a green vehicle because it uses electricity to speed up first and then have the combustion of carbon-based fuel when the stored electricity is not sufficient (US Department of Energy).

According to the New Plug-in Hybrid on US Department of Energy, Chevrolet Volt 2013, a kind of PHV, has a 418 miles driving range. 38 miles of the range are generated by electricity and 380 miles are produced by gasoline. Although the driving range that generated by electricity is in a small ratio when compared with using carbon-based fuel, it is enough for a short distance journey. For example, the driving range from Tsuen Wan to Kowloon Tong is about 22.1km (KMB, HK) which is smaller than 38 miles. Hence, the energy can be generated by electricity...