A cost benefit analysis of electric vehicles: a UK case study
Interest in electric vehicles is growing worldwide because of increasing oil prices, uncertainties concerning oil security and increased awareness of environmental issues. In this study, lifetime net present values of costs and benefits are compared between electric and fossil fuelled cars. Key questions to be answered are whether it is beneficial to purchase an electric car from a private and societal point of views. The results of the analysis show that the lifetime costs of an electric, petrol and diesel car are comparable in terms of private costs, with the cost of an electric car being slightly higher than a petrol or diesel car. However, in terms of social costs, an electric car is much more expensive than a petrol or diesel car. The high cost of batteries, long charging times and a lack of charging points are among key issues which need to be addressed for the large scale uptake of electric vehicles. Government support is needed to promote technology developments of batteries and recharging network.
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Corporate Authors:
14-20 bd Newton, Cité Descartes, Champs su Marne
77447 Marne la Vallée, France Cedex 2 -
Authors:
- Piao, Jinan
- McDonald, Mike
- Preston, John
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Conference:
- Transport Research Arena (TRA) 5th Conference: Transport Solutions from Research to Deployment
- Location: Paris , France
- Date: 2014-4-14 to 2014-4-17
- Publication Date: 2014-4
Media Info
- Pagination: 9p
- Monograph Title: Transport Research Arena (TRA) 2014 Proceedings
Subject/Index Terms
- TRT Terms: Benefit cost analysis; Costs; Electric vehicles; Life cycle analysis
- ITRD Terms: 224: Cost; 226: Cost benefit analysis; 1282: Electric vehicle; 5950: Life cycle
- Subject Areas: Energy; Finance; I15: Environment; I91: Vehicle Design and Safety;
Filing Info
- Accession Number: 01540699
- Record Type: Publication
- Source Agency: Swedish National Road and Transport Research Institute (VTI)
- Files: VTI, TRIS, ATRI
- Created Date: Oct 15 2014 10:33AM