Total cost of ownership of electric vehicles incorporating Vehicle to Grid technology

Lieselot Vanhaverbeke; Dries Schreurs; Quentin De Clerck; Maarten Messagie; Joeri Van Mierlo

doi:10.1109/EVER.2017.7935931

Total cost of ownership of electric vehicles incorporating Vehicle to Grid technology

Lieselot Vanhaverbeke, Dries Schreurs, Quentin De Clerck, Maarten Messagie, Joeri Van Mierlo

Research output: Chapter in Book/Report/Conference proceeding › Conference paper

11 Citations (Scopus)

Abstract

High purchase prices of electric vehicles (EV) currently still limit market adoption. Vehicle-to-Grid (V2G) could provide an opportunity to make profit on EV grid connectivity, and thus reduce the Total Cost of Ownership (TCO) in comparison with conventional vehicle technologies. This study is a first step towards integrating V2G benefits in TCO modelling. Our Belgian case study on the city, medium and premium car segment illustrates that the benefits according to the current market conditions are very limited, more specifically the total cost decreases through V2G with 1%–2,59% over the lifetime of a vehicle. Through a Monte Carlo analysis on energy prices and the V2G contract conditions, it is shown that currently mainly in the premium market there is potential for a shift towards cleaner vehicles based on lowest total cost of vehicle technology.

Original language	English
Title of host publication	2017 12th International Conference on Ecological Vehicles and Renewable Energies, EVER 2017
Publisher	IEEE
Pages	533-538
Number of pages	6
ISBN (Electronic)	978-1-5386-1692-5
ISBN (Print)	978-1-5386-1693-2
DOIs	https://doi.org/10.1109/EVER.2017.7935931 https://doi.org/10.1109/EVER.2017.7935931
Publication status	Published - 30 May 2017
Event	2017 Twelfth International Conference on Ecological Vehicles and Renewable Energies (EVER) - Monaco, Monaco, Monaco Duration: 11 Apr 2017 → 13 Apr 2017 http://conference.evermonaco.com/

Conference

Conference	2017 Twelfth International Conference on Ecological Vehicles and Renewable Energies (EVER)
Country/Territory	Monaco
City	Monaco
Period	11/04/17 → 13/04/17
Internet address	http://conference.evermonaco.com/

Keywords

EV
Total Cost of Ownership
V2G

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Vanhaverbeke, L., Schreurs, D., De Clerck, Q., Messagie, M., & Van Mierlo, J. (2017). Total cost of ownership of electric vehicles incorporating Vehicle to Grid technology. In 2017 12th International Conference on Ecological Vehicles and Renewable Energies, EVER 2017 (pp. 533-538). Article 7935931 IEEE. https://doi.org/10.1109/EVER.2017.7935931, https://doi.org/10.1109/EVER.2017.7935931

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title = "Total cost of ownership of electric vehicles incorporating Vehicle to Grid technology",

abstract = "High purchase prices of electric vehicles (EV) currently still limit market adoption. Vehicle-to-Grid (V2G) could provide an opportunity to make profit on EV grid connectivity, and thus reduce the Total Cost of Ownership (TCO) in comparison with conventional vehicle technologies. This study is a first step towards integrating V2G benefits in TCO modelling. Our Belgian case study on the city, medium and premium car segment illustrates that the benefits according to the current market conditions are very limited, more specifically the total cost decreases through V2G with 1%–2,59% over the lifetime of a vehicle. Through a Monte Carlo analysis on energy prices and the V2G contract conditions, it is shown that currently mainly in the premium market there is potential for a shift towards cleaner vehicles based on lowest total cost of vehicle technology.",

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author = "Lieselot Vanhaverbeke and Dries Schreurs and {De Clerck}, Quentin and Maarten Messagie and {Van Mierlo}, Joeri",

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booktitle = "2017 12th International Conference on Ecological Vehicles and Renewable Energies, EVER 2017",

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Vanhaverbeke, L, Schreurs, D, De Clerck, Q, Messagie, M & Van Mierlo, J 2017, Total cost of ownership of electric vehicles incorporating Vehicle to Grid technology. in 2017 12th International Conference on Ecological Vehicles and Renewable Energies, EVER 2017., 7935931, IEEE, pp. 533-538, 2017 Twelfth International Conference on Ecological Vehicles and Renewable Energies (EVER), Monaco, Monaco, 11/04/17. https://doi.org/10.1109/EVER.2017.7935931, https://doi.org/10.1109/EVER.2017.7935931

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AU - Van Mierlo, Joeri

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AB - High purchase prices of electric vehicles (EV) currently still limit market adoption. Vehicle-to-Grid (V2G) could provide an opportunity to make profit on EV grid connectivity, and thus reduce the Total Cost of Ownership (TCO) in comparison with conventional vehicle technologies. This study is a first step towards integrating V2G benefits in TCO modelling. Our Belgian case study on the city, medium and premium car segment illustrates that the benefits according to the current market conditions are very limited, more specifically the total cost decreases through V2G with 1%–2,59% over the lifetime of a vehicle. Through a Monte Carlo analysis on energy prices and the V2G contract conditions, it is shown that currently mainly in the premium market there is potential for a shift towards cleaner vehicles based on lowest total cost of vehicle technology.

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ER -

Total cost of ownership of electric vehicles incorporating Vehicle to Grid technology

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Keywords

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