Title

Electric Vehicle Life Cycle Cost Assessment

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

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

Subjects

Batteries; Electric Vehicles

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