This paper compares the manufacturing and refueling costs of a fuel-cell vehicle (FCV) and a battery electric vehicle (BEV) using an automobile model reflecting the largest segment of light-duty vehicles. We use results from widely-cited government studies to compare the manufacturing and refueling costs of a BEV and a FCV capable of delivering 135 hp and driving approximately 300 miles. Our results show that a BEV performs far more favorably in terms of cost, energy efficiency, weight, and volume. The differences are particularly dramatic when we assume that energy is derived from renewable resources. (C) 2003 Elsevier B.V. All rights reserved.