Total Cost of Ownership Model Development for Electric Cars

Csonka, Bálint and Csiszár, Csaba and Földes, Dávid (2021) Total Cost of Ownership Model Development for Electric Cars. In: 19th European Transport Congress: European Green Deal Challenges and Solutions for Mobility and Logistics in Cities, 2021.10.07-2021.10.08, Maribor.


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Higher market-share of electric cars can be facilitated by several incentives. Our aim was to elaborate a cost model and a calculation method for total cost of ownership (TCO) pertaining to electric vehicles (EVs), as well as an information application, to support new vehicle purchase. Purchase, operation, maintenance, and other cost elements were considered. Based on this method, we developed an information application for customers and other stakeholders. Thus, several vehicle types and operational cases may be compared based on specific and aggregated costs. Findings and Originality: We found that question as ‘Under what operating conditions is it worth to buy an EV?’ can be answered by our calculation method. Customers’ most typical questions, as ‘Which vehicle type’s TCO is the most favourable?’ and ‘How much less emission do EVs produce?’, can be also answered. We found that above app. 21000 km/year covered distance it is worth to buy an ‘average’ EV with general features for private use. Our results substantiate further research activities and practical applications. During the research, the novelty and quick development of the EV technology (e.g., lacking operational experiences), the availability, dynamism and reliability of data, and the forecast of cost elements (e.g., future depreciation or specific energy costs) were the most relevant challenges. Consumers and companies may use our decision support tool. We are going to address the following issues: support company fleet purchase, investigation of typical vehicle types, estimation of maintenance and repair costs, sensitivity analysis of variables.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Decision support; Technological change; total cost of ownership; Electric Car Purchase;
Subjects: T Technology / alkalmazott, műszaki tudományok > TL Motor vehicles. Aeronautics. Astronautics / járműtechnika, repülés, űrhajózás
Depositing User: MTMT SWORD
Date Deposited: 24 Jun 2022 11:14
Last Modified: 24 Jun 2022 11:14

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