How expensive are electric vehicles? A total cost of ownership analysis

Research output: Chapter in Book/Report/Conference proceedingConference paper

9 Citations (Scopus)

Abstract

This paper presents a total cost of ownership (TCO) model for three different car segments. The goal is to investigate the cost efficiency of electric vehicles compared to conventional vehicles. All costs that occur during the expected vehicle's lifespan are included: purchase cost, registration tax, vehicle road tax, maintenance, tires and technical control cost, insurance cost, battery leasing cost, battery replacement cost and fuel or electricity cost. Results are shown per vehicle segment and illustrate the share of all cost components. We find that current electric vehicles are only cost attractive within the premium car segment.

Original languageEnglish
Title of host publication2013 World Electric Vehicle Symposium and Exhibition, EVS 2014
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1-12
ISBN (Electronic)9781479938322
DOIs
Publication statusPublished - 1 Oct 2014
Event27th World Electric Vehicle Symposium and Exhibition, EVS 2014 - Barcelona, Spain
Duration: 17 Nov 201320 Nov 2013

Conference

Conference27th World Electric Vehicle Symposium and Exhibition, EVS 2014
CountrySpain
CityBarcelona
Period17/11/1320/11/13

Keywords

  • electric vehicles
  • Total cost of ownership

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