Electric Vehicle Life Cycle Cost Assessment
Electric Vehicles; Batteries
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.
Batteries; Electric Vehicles
Florida Solar Energy Center and Raustad, Richard, "Electric Vehicle Life Cycle Cost Assessment" (2014). FSEC Energy Research Center®. 165.