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Cost of Plug-in Electric Vehicle Ownership: The Cost of Transitioning to Five Million Plug-In Vehicles in California

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  • Chakraborty, Debapriya
  • Buch, Koral
  • Tal, Gil

Abstract

Total cost of ownership (TCO) studies are generally used as a tool to understand how and when plug-in electric vehicle (PEV) technology will reach cost parity with conventional fuel vehicles. Post cost-parity, the PEV market should be able to sustain without government intervention. The researchers present here a detailed analysis of vehicle manufacturing costs and market-level TCO accounting for technology uncertainties, behavioral heterogeneity, and key decision parameters of automakers. Using the estimates of the vehicle manufacturing costs, they estimate the cost of electrification of California’s LDV fleet to achieve the state’s net-zero emission goal by 2045. The results suggest that PEVs may not be cost competitive even in 2030 without stronger policy support and automakers initiative. Moreover, TCO is not a single number, and the cost of electrification will vary across the population based on the cost of vehicles available in the market, their charging capabilities at home and public, and energy costs. The TCO estimates and the cost of fleet electrification analysis not only has important implications for policymakers but can also offer a foundation for understanding the effect of market dynamics on the cost-competitiveness of the PEV technology. View the NCST Project Webpage

Suggested Citation

  • Chakraborty, Debapriya & Buch, Koral & Tal, Gil, 2021. "Cost of Plug-in Electric Vehicle Ownership: The Cost of Transitioning to Five Million Plug-In Vehicles in California," Institute of Transportation Studies, Working Paper Series qt48c2z787, Institute of Transportation Studies, UC Davis.
    • Handle: RePEc:cdl:itsdav:qt48c2z787
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    References listed on IDEAS

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    1. Brand, Christian & Cluzel, Celine & Anable, Jillian, 2017. "Modeling the uptake of plug-in vehicles in a heterogeneous car market using a consumer segmentation approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 97(C), pages 121-136.
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    Cited by:

    1. Sanguinetti, Angela & Favetti, Matthew & Hirschfelt, Kate & Kong, Nathaniel & Chakraborty, Debapriya & Alston-Stepnitz, Eli & Ma, Howard, 2023. "Developing a Vehicle Cost Calculator to Promote Electric Vehicle Adoption Among TNC Drivers," Institute of Transportation Studies, Working Paper Series qt1v44b5kp, Institute of Transportation Studies, UC Davis.
    2. Chakraborty, Debapriya PhD & Konstantinou, Theodora PhD & Gutierrez Lopez, Julia Beatriz MSc & Tal, Gil, 2024. "Assessing the Total Cost of Ownership of Electric Vehicles among California Households," Institute of Transportation Studies, Working Paper Series qt3jh4f34x, Institute of Transportation Studies, UC Davis.

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    Keywords

    Engineering; Social and Behavioral Sciences; Automobile ownership; Competition; Costs; Electric vehicles; Market assessment; Vehicle fleets; Zero emission vehicles;
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