Report Number
FSEC-CR-1984-14
URL
http://publications.energyresearch.ucf.edu/wp-content/uploads/2018/06/FSEC-CR-1984-14.pdf
Keywords
Electric Vehicles; Batteries; Life cycle cost; Vehicle ownership; Battery degradation; Economic analysis
Abstract
The Electric Vehicle Transportation Center (EVTC) has developed a life cycle cost (LCC) model to include all reasonable costs associated with vehicle ownership over a 5, 10, 15, or 20-year period. The EVTC LCC model compares ownership costs of conventional vehicles to plug-in hybrid and battery electric vehicles. Internal combustion engines using gasoline, ethanol, or diesel are considered. The analysis includes costs for tires, insurance and maintenance, federal incentives, state tax, dealership fee, and financed interest payments. Traction battery replacement costs are difficult to ascertain yet are included to investigate their impact on overall life cycle costs. Economic factors used in the analysis include inflation, depreciation, mortgage, and fuel escalation rates. A battery degradation rate is used to account for battery energy depletion over time.
Date Published
9-30-2014
Identifiers
165
Subjects
Electric vehicles--Costs; Life cycle costing; Automobile ownership; Electric batteries
Local Subjects
Batteries; Electric Vehicles
Type
Text; Document
Creator (Linked Data)
Raustad, Richard [LC]
Collection
FSEC Energy Research Center® Collection
STARS Citation
Florida Solar Energy Center and Raustad, Richard, "Electric Vehicle Life Cycle Cost Assessment" (2014). FSEC Energy Research Center®. 165.
https://stars.library.ucf.edu/fsec/165
Included in
Rights Statement
