Economic impact of the integration of alternative vehicle technologies into the New Zealand vehicle fleet

A multi-regional integrated energy systems model is developed to assess the economic impact of hydrogen fuel cell, hydrogen internal combustion, and battery electric technologies on the economy of New Zealand. Base case results suggest that a hydrogen fuel dominant vehicle fleet offers economic savings over a conventional fleet but requires the largest sequestration capacity as 75% of hydrogen fuel production is derived from fossil fuel. When the oil price is varied from US$120 to US$240 per barrel in 2030, and the carbon tax varied from US$30 to US$90 per tonne of CO2 equivalent, the change in savings ranges from −65% to +25%.