Faculty Advisor

Datta, Ravindra

Faculty Advisor

Saeed, Khalid

Abstract

This report addresses problems associated with possible U.S. fuel cell vehicle production and a limited platinum supply. Polymer Electrolyte Membrane (PEM) fuel cells, which use a platinum catalyst, could place strain on the platinum market if fuel cell vehicles are widely produced. We developed a dynamic hypothesis, identified causal relationships, and created a system dynamics model in iThink. Based on this model, we found platinum prices would likely reach $50,000 per kilogram in 30 years and the cost of platinum for a fuel cell vehicle would be $2,500. At this price, the platinum barrier is surmountable if the cost of other FCV components is drastically reduced. If a world FCV market takes hold, it was concluded that only about 15% global market penetration is feasible.

Publisher

Worcester Polytechnic Institute

Date Accepted

January 2009

Project Type

Interactive Qualifying Project

Accessibility

Unrestricted

Advisor Department

Chemical Engineering

Advisor Department

Social Science and Policy Studies

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