Battery Ownership Model: A Tool for Evaluating the Economics of Electrified Vehicles and Related Infrastructure (Presentation)
This presentation uses a vehicle simulator and economics model called the Battery Ownership Model to examine the levelized cost per mile of conventional (CV) and hybrid electric vehicles (HEVs) in comparison with the cost to operate an electric vehicle (EV) under a service provider business model. The service provider is assumed to provide EV infrastructure such as charge points and swap stationsto allow an EV with a 100-mile range to operate with driving profiles equivalent to CVs and HEVs. Battery cost, fuel price forecast, battery life, and other variables are examined to determine under what scenarios the levelized cost of an EV with a service provider can approach that of a CV. Scenarios in both the United States as an average and Hawaii are examined. The levelized cost ofoperating an EV with a service provider under average U.S. conditions is approximately twice the cost of operating a small CV. If battery cost and life can be improved, in this study the cost of an EV drops to under 1.5 times the cost of a CV for U.S. average conditions. In Hawaii, the same EV is only slightly more expensive to operate than a CV.
- Research Organization:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Organization:
- USDOE Office of Energy Efficiency and Renewable Energy (EERE)
- DOE Contract Number:
- AC36-08GO28308
- OSTI ID:
- 1018082
- Report Number(s):
- NREL/PR-5400-50356; TRN: US201113%%534
- Resource Relation:
- Conference: Presented at the 25th Battery, Hybrid and Fuel Cell Electric Vehicle Symposium and Exhibition, 5-9 November 2010, Shenzhen, China; Related Information: NREL (National Renewable Energy Laboratory)
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
33 ADVANCED PROPULSION SYSTEMS
BUSINESS
ECONOMICS
FUEL CELLS
HAWAII
OWNERSHIP
PRICES
SIMULATORS
ELECTRIC-POWERED VEHICLES
HYBRID ELECTRIC-POWERED VEHICLES
VEHICLES
battery
economics
electric vehicles
service provider
battery swapping