Version 1
: Received: 24 July 2018 / Approved: 24 July 2018 / Online: 24 July 2018 (05:47:34 CEST)
Version 2
: Received: 16 August 2018 / Approved: 17 August 2018 / Online: 17 August 2018 (12:59:31 CEST)
Fulton, L. Ownership Cost Comparison of Battery Electric and Non-Plugin Hybrid Vehicles: A Consumer Perspective. Appl. Sci.2018, 8, 1487.
Fulton, L. Ownership Cost Comparison of Battery Electric and Non-Plugin Hybrid Vehicles: A Consumer Perspective. Appl. Sci. 2018, 8, 1487.
Fulton, L. Ownership Cost Comparison of Battery Electric and Non-Plugin Hybrid Vehicles: A Consumer Perspective. Appl. Sci.2018, 8, 1487.
Fulton, L. Ownership Cost Comparison of Battery Electric and Non-Plugin Hybrid Vehicles: A Consumer Perspective. Appl. Sci. 2018, 8, 1487.
Abstract
This study evaluates eight-year ownership costs for battery electric vehicles (BEV) versus non-plugin hybrid vehicles using forecasting to estimate future electricity and conventional gasoline prices and incorporating these in a multiple design of experiments simulation. Results suggest that while electric vehicles are statistically dominant in terms of variable costs over an 8-year life-span, high-performance hybrid non-plugins achieve variable fuel costs nearly as good as low-performing electric vehicles (those attaining only 3 miles per kilowatt hour) and that these hybrid acquisition costs are (on average) lower yet the vehicles retain higher residual values. In general, the six smallest ownership costs are split evenly between hybrid and electric vehicles; however, inflation for conventional regular gasoline is estimated to outstrip inflation per kilowatt hour. Thus, non-plugin hybrid cars are likely to require considerably more advanced engineering to keep pace.
Keywords
BEV; ownership cost analysis; design of experiments; forecasting; Monte Carlo simulation
Subject
Engineering, Automotive Engineering
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
