A simulation has been developed at the Japan Automobile Research Institute to predict the fuel economy of HEVs, which are currently being developed in the advanced clean energy vehicle research and development project of MITI/NEDO (ACE Project). The ACE Project includes six types of HEV. The effect of hybrid components efficiency on fuel economy was evaluated by sensitivity coefficient. The results show that the fuel economy of HEVs can improve that of the base vehicle by two times. The sensitivity coefficient of the battery is largest in the FCEV, while that of the motor is largest in the series or series/parallel HEVs.