Development of a market penetration forecasting model for Hydrogen Fuel Cell Vehicles considering infrastructure and cost reduction effects

Development of a market penetration forecasting model for Hydrogen Fuel Cell Vehicles considering infrastructure and cost reduction effects

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Article ID: iaor20115372
Volume: 39
Issue: 6
Start Page Number: 3307
End Page Number: 3315
Publication Date: Jun 2011
Journal: Energy Policy
Authors: , ,
Keywords: forecasting: applications, marketing, energy, simulation
Abstract:

  • A forecasting model for HFCVs was developed using the generalized Bass diffusion model.
  • A simulation model using system dynamics was also developed.
  • The empirical study shows that the infrastructure is an important factor to the initial purchase.
  • The results of this study can promote research related to the diffusion of innovation.

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