Next Article in Journal
A Baseline for General Music Object Detection with Deep Learning
Previous Article in Journal
Emission Behaviors of Inorganic Ultrafine Particles during Zhundong Coal Oxy-Fuel Combustion with Characterized Oxygen Input Fractions Comparable to Air Combustion
Open AccessArticle

Ownership Cost Comparison of Battery Electric and Non-Plugin Hybrid Vehicles: A Consumer Perspective

Department of Health Administration, Texas State University, San Marcos, TX 78666, USA
Appl. Sci. 2018, 8(9), 1487; https://doi.org/10.3390/app8091487
Received: 23 July 2018 / Revised: 16 August 2018 / Accepted: 27 August 2018 / Published: 29 August 2018
(This article belongs to the Section Environmental and Sustainable Science and Technology)
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. View Full-Text
Keywords: BEV; ownership cost analysis; design of experiments; forecasting; monte carlo simulation BEV; ownership cost analysis; design of experiments; forecasting; monte carlo simulation
Show Figures

Figure 1

MDPI and ACS Style

Fulton, L. Ownership Cost Comparison of Battery Electric and Non-Plugin Hybrid Vehicles: A Consumer Perspective. Appl. Sci. 2018, 8, 1487.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop