Total cost of ownership and its potential implications for electric vehicle diffusion

• Battery Electric Vehicles have been slow to diffuse on the international as well as the Swedish market. Existing literature have pointed to situational factors such as economical factors, size and performance to be of high importance for car purchasers in their choice of car. In this paper the authors investigates the apparent discrepancy between purchase price and the Total Cost of Ownership between Internal Combustion Engine Vehicles and Battery Electric Vehicles. The Total Cost of Ownership computation reveals that Battery Electric Vehicles can be cost competitive with Internal Combustion Engine Vehicles, a significant finding that could prove to be of importance for the diffusion of Battery Electric Vehicles, although further studies are needed to test car purchasers' knowledge regarding the Total Cost of Ownership analysis.

Ämnesord

TEKNIK OCH TEKNOLOGIER  -- Maskinteknik (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Mechanical Engineering (hsv//eng)

Nyckelord

Diffusion of innovation

Electric Vehicles

Sustainability

Total Cost of Ownership

Automobile engines

Battery electric vehicles

Combustion

Costs

Electric batteries

Engines

Internal combustion engines

Secondary batteries

Sustainable development

Vehicles

Cost competitive

Diffusion of innovations

Economical factors

Internal combustion engine vehicles

Situational factors

Swedish markets

Total-cost-of-ownership analysis

Cost benefit analysis

Publikations- och innehållstyp

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