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Total cost of ownership and its potential implications for electric vehicle diffusion
KTH, School of Industrial Engineering and Management (ITM), Machine Design (Dept.), Integrated Product Development.
KTH, School of Industrial Engineering and Management (ITM), Machine Design (Dept.), Integrated Product Development.
KTH, School of Industrial Engineering and Management (ITM), Machine Design (Dept.), Integrated Product Development.
2014 (English)In: Proceedings of NordDesign 2014 Conference, NordDesign 2014, Aalto University , 2014, 366-375 p.Conference paper (Refereed)Text
Abstract [en]

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.

Place, publisher, year, edition, pages
Aalto University , 2014. 366-375 p.
Keyword [en]
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
National Category
Mechanical Engineering
Identifiers
URN: urn:nbn:se:kth:diva-187576ScopusID: 2-s2.0-84962440921ISBN: 9781904670582OAI: oai:DiVA.org:kth-187576DiVA: diva2:937135
Conference
10th Biannual NordDesign Conference, NordDesign 2014, 27 August 2014 through 29 August 2014
Note

QC 20160615

Available from: 2016-06-15 Created: 2016-05-25 Last updated: 2016-06-15Bibliographically approved

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Ritzén, SofiaStier, Jenny J.
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