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Economic Analysis of Battery Electric Vehicle Fast Charging Mode and Battery Swapping Mode in China

In: Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

Author

Listed:
  • Huanhuan Ren

    (China Automotive Technology and Research Center Co., Ltd)

  • Lina Xia

    (China Automotive Technology and Research Center Co., Ltd)

  • Puchao Li

    (China Automotive Technology and Research Center Co., Ltd)

Abstract

In China, energy-supplying industry has shown a trend of “charging as the mainstay, supplemented by battery swapping”. In this paper, we study and construct the Total Cost of Ownership (TCO) model including capital cost, power battery rental cost, electricity cost, time cost, and maintenance cost. Taking the TCO model as a carrier, we quantitatively analyze the economics of fast charging mode and battery swapping mode in two application scenarios of taxis and private cars, study the impact of the battery swapping unit price on the economics of different modes for taxis and private cars, and discuss the critical price of the battery swapping unit price that is economical for battery swapping mode in different scenarios. We find that, compared with the fast charging mode, the battery swapping mode is more economical and has greater advantages for the taxis.

Suggested Citation

  • Huanhuan Ren & Lina Xia & Puchao Li, 2024. "Economic Analysis of Battery Electric Vehicle Fast Charging Mode and Battery Swapping Mode in China," Advances in Economics, Business and Management Research, in: Suhaiza Hanim Binti Dato Mohamad Zailani & Kosga Yagapparaj & Norhayati Zakuan (ed.), Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), pages 1226-1235, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-256-9_125
    DOI: 10.2991/978-94-6463-256-9_125
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