This report outlines the direct and indirect benefits of High Productivity Vehicles (HPV) in Australia. Direct benefits examined include safety, productivity, fuel and environmental savings. An attempt has also been made to estimate indirect benefits of HPV adoption which include the stimulated economic flow-on benefits, lowering community freight exposure, and slightly lowering infrastructure maintenance costs. This is the first study of its type to create national heavy vehicle accident benchmarks for Australia, and to use those benchmarks to measure the national HPV fleet accident performance rates. Over the last three years the estimates for productivity of HPV have risen significantly as operators have supplied more precise kilometre savings estimates than was available prior this study. The HPV initiative is poised to conservatively deliver $12.6 billion in real benefits to Australia by 2030 through $6.9 billion in discounted direct benefits and $5.7 billion in indirect discounted flow-on economic benefits. (Author/publisher)
Abstract