This 2019 paper concluded as follows:
"HEVs are rapidly emerging as a potential alternative to the existing state of transportation due to their lower petroleum consumption and toxic emission. Strict CO2 emission laws and increased public awareness will propel HEVs to be the future of road transportation." (Singh, K.V., Bansal, H.O. & Singh, D. J. Mod. Transport, Springer (2019) 27: 77, doi.org/10.1007/s40534-019-0184-3)
We reached a similar conclusion and for the same reasons four years earlier!
The HEV has the second lowest societal and consumer LCC compared with all other six vehicle types. Its ranking makes it a strong candidate as a transitional technology. Its low LCC resulted from the low emission impact cost, the improved fuel efficiency and the low manufacturing cost. In the short term, there are no barriers that should be overcome to increase the penetration of HEV in the market. (Mitropoulos, L. and P. D. Prevedouros, Emissions and Cost Model for Urban Light Duty Vehicles. Transp. Res. Part D: Transport and Environment, Elsevier (2015) 41: 147-159, doi: 10.1016/j.trd.2015.09.024.
"HEVs are rapidly emerging as a potential alternative to the existing state of transportation due to their lower petroleum consumption and toxic emission. Strict CO2 emission laws and increased public awareness will propel HEVs to be the future of road transportation." (Singh, K.V., Bansal, H.O. & Singh, D. J. Mod. Transport, Springer (2019) 27: 77, doi.org/10.1007/s40534-019-0184-3)
We reached a similar conclusion and for the same reasons four years earlier!
The HEV has the second lowest societal and consumer LCC compared with all other six vehicle types. Its ranking makes it a strong candidate as a transitional technology. Its low LCC resulted from the low emission impact cost, the improved fuel efficiency and the low manufacturing cost. In the short term, there are no barriers that should be overcome to increase the penetration of HEV in the market. (Mitropoulos, L. and P. D. Prevedouros, Emissions and Cost Model for Urban Light Duty Vehicles. Transp. Res. Part D: Transport and Environment, Elsevier (2015) 41: 147-159, doi: 10.1016/j.trd.2015.09.024.