5.3.2. Plug-in Hybrid Electric Vehicles

This measure assumes a penetration of plug-in hybrid electric vehicles (PHEVs) according to a logistic function that saturates at 40% of the number of LDVs sold in the last year of the period. From a study made for USA by EPRI [64], we found that this market share is near 50% by year 2030, therefore, assuming a 40% PHEV share of new vehicle sales by year 2035 seems ambitious but appropriate for the case of Mexico. It is assumed that the additional investment cost related to conventional internal combustion vehicles is 14,100 USD at the beginning of the period, which is close to the value of 15,000 USD estimated for that same year by [69], and by year 2030 they expect a cost reduction to 7500 USD, this value is not far from to the assumed in this study of 7050 USD by year 2035. Finally, maintenance costs are assumed similar to those of a conventional vehicle.
