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With increasing evidence for climate change in response to greenhouse gasses (GHG) emitted by human activities, pressure is growing to reduce fuel consumption via increased vehicle efficiency and to replace fossil fuels with renewable fuels. While real-world experience with bio-ethanol and a growing body of research on many other renewable fuel pathways provide some guidance as to the cost of renewable transportation fuel, there has been little work comparing that cost to alternative means for achieving equivalent GHG reductions. In earlier work, we developed an optimization model that allowed the transportation and electricity generation sectors to work separately or jointly to achieve GHG reduction targets, and showed that cooperation can significantly reduce the society cost of GHG reductions.

Greenhouse gas (GHG) emission targets are becoming more stringent for both automakers and electricity generators. With the introduction of plug-in hybrid and electric vehicles, transportation and electricity generation sectors become connected. This provides an opportunity for both sectors to work together to achieve the cost efficient reduction of CO2 emission. In addition, the abundant natural gas (NG) in USA is drawing increased attention from both policy makers and various industries due to its low cost and low carbon content. NG has the potential to ease the pressure from CO2 emission constraints for both the light duty vehicle (LDV) and the electricity generation sectors while simultaneously reducing their fuel costs. To quantify the benefit of this collaboration, an analytical model is developed to evaluate the total societal cost and CO2 emission for both sectors.