Evidence for “Extortionate fares on HS2”? People have been suggesting this in the forums for years, without any supporting evidence whatsoever...
One argument for ticket prices being lower is that you'll not need much of a change in the number of coaches to run the services compared to the current situation. However you will be able to transport a lot more people.
To explain this I'll use the example of Manchester. It currently has 9 or 11 coach trains running 3 services an hour. I'll follow the broadly 40/60 split in favour of the 11 coach units.
The current journey time is 2:08, so with an average of 42 minute turn around at each end that's 17 units needed to do 3 round trips per hour. A round trip in the time taken before a can then run the next comparable service (i.e. it can run a 10:00 service from any given station and then be back at the same station to run the 15:40).
I understaff that you'd need spare units to cover maintenance and the like. However this is just to show a very crude level of the number of coaches needed, if anything creating a more accurate answer would result in the difference being even greater.
That means that you need 173 coaches to run the Manchester services.
Now after HS2 is built the number of coaches per train increases to 16, however the journey time falls to 1:08, and so with an average of 42 minute turn around time at each end you'll need 11 units to run a 3tph frequency. This then equates to 176 coaches.
As such on a like for like basis you need 3 now coaches across your fleet for HS2 compared to the existing. However if the turn around time is shorter that benefits HS2 services more than the existing services. Also given that you can carry ~1,500 extra passengers an hour the extra 1.7% in rolling stock costs is hardly going to matter.
The other thing to bear in mind is that your staff costs to run the services fall as a driver can drive more services in any shift than they could before. Not only that but if you are able to carry more people per train the cost per ticket of that driver fails as the cost is split between more people on any given service as well as being split over more services.
If we assume that a driver currently does 1.5 round trips a shift when it's 5:40 for round trip (8 hours between clocking on and shift end) caring an average load of 50% per train with capacity for 489 passengers that's 367 passengers who share the cost of the driver.
However if we look at a HS2 service the same driver can do 2 round trips (7.5 hours between clocking on and shift end).
If we assume an average load of 25% per train with a capacity of 1,100 then that's 550 passengers who share the cost of the driver.
If the total cost of drivers (including their managers, training, uniform, pension contributions, employer's NI, etc. is £200,000 per year and a driver drivers for 150 days a year (to allow for training, sickness, holiday, etc.) then this results in the cost per ticket for travel each way falling from £3.67 to £2.42
Of course if drivers work longer days (which I'm fairly sure that they do), all that would mean is that the cost per ticket would also fall, however the cost would fall faster for the HS2 tickets. As such all that would do is improve the answer for HS2.
Likewise I've assumed an average of 42 minute turn around at each end, if this were to be reduced then it would benefit HS2 more than the existing services.