Techno-economic analysis and environmental impact of electric vehicle
Commerce; Conversion efficiency; Cost benefit analysis; Costs; Economic analysis; Environmental impact; Exhaust systems (engine); Gas emissions; Gasoline; Greenhouse gases; Life cycle; Renewable energy resources; Electric Vehicles (EVs); Financial incentives; Hybrid electric vehicles (HEVs); Interna...
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2023
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my.uniten.dspace-249402023-05-29T15:29:12Z Techno-economic analysis and environmental impact of electric vehicle Pg Abas A.E. Yong J. Mahlia T.M.I. Hannan M.A. 6506187323 57220586834 56997615100 7103014445 Commerce; Conversion efficiency; Cost benefit analysis; Costs; Economic analysis; Environmental impact; Exhaust systems (engine); Gas emissions; Gasoline; Greenhouse gases; Life cycle; Renewable energy resources; Electric Vehicles (EVs); Financial incentives; Hybrid electric vehicles (HEVs); Internal combustion engine vehicles; Life cycle costs (LCC); Power plant efficiency; Renewable energy source; Techno-Economic analysis; Hybrid vehicles With the recent emphasis on environmental protection, electric vehicles (EVs) have gained popularity in regions such as Europe, America, China, and Australia; due to their �zero tail-pipe emission� and low maintenance cost. This paper aims to investigate the feasibility of introducing EVs into the Brunei market using life cycle cost analysis, as well as identify dominant factors that influence its feasibility. Although local data have been used, methodologies adopted in this paper are applicable and directly transferable for analysis of other markets. Our analysis has shown that EV is currently still expensive as compared to the Internal Combustion Engine Vehicles (ICEVs) and Hybrid Electric Vehicles (HEVs) in the market; with its acquisition cost, contributing much to its Life Cycle Cost (LCC). In order to promote EVs and make other types of vehicles less desirable, it is proposed that a direct government subsidy be introduced as well as the current gasoline price to be increased. It has been shown that the initial subsidy of USD$4100 and increasing gasoline price to USD$0.70/litre, would allow EVs to compete comfortably in the market. This subsidy can be gradually reduced with time, as EV becomes cheaper due to the expected reduction in battery price. Environmentally, however, the current greenhouse gas (GHG) emissions from EVs turn out higher than ICEVs, considering the energy chain. In this regard, cleaner renewable energy sources need to be considered and improvement in power plant efficiency needs to be made, to make EVs more environmentally competitive to conventional vehicles. In conclusion, the government needs to look into financial incentives such as subsidy and increasing gasoline price to improve the feasibility of EVs in the market, as well as to improve efficiency of the energy generation and transmission to derive the full benefit of EVs. � 2019 Institute of Electrical and Electronics Engineers Inc.. All rights reserved. Final 2023-05-29T07:29:12Z 2023-05-29T07:29:12Z 2019 Article 10.1109/ACCESS.2019.2929530 2-s2.0-85073606401 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85073606401&doi=10.1109%2fACCESS.2019.2929530&partnerID=40&md5=7f15d8adfced9b742dcc1b589a6373c5 https://irepository.uniten.edu.my/handle/123456789/24940 7 8765562 98565 98578 All Open Access, Gold, Green Institute of Electrical and Electronics Engineers Inc. Scopus |
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| description |
Commerce; Conversion efficiency; Cost benefit analysis; Costs; Economic analysis; Environmental impact; Exhaust systems (engine); Gas emissions; Gasoline; Greenhouse gases; Life cycle; Renewable energy resources; Electric Vehicles (EVs); Financial incentives; Hybrid electric vehicles (HEVs); Internal combustion engine vehicles; Life cycle costs (LCC); Power plant efficiency; Renewable energy source; Techno-Economic analysis; Hybrid vehicles |
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6506187323 |
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6506187323 Pg Abas A.E. Yong J. Mahlia T.M.I. Hannan M.A. |
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Article |
| author |
Pg Abas A.E. Yong J. Mahlia T.M.I. Hannan M.A. |
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Pg Abas A.E. Yong J. Mahlia T.M.I. Hannan M.A. Techno-economic analysis and environmental impact of electric vehicle |
| author_sort |
Pg Abas A.E. |
| title |
Techno-economic analysis and environmental impact of electric vehicle |
| title_short |
Techno-economic analysis and environmental impact of electric vehicle |
| title_full |
Techno-economic analysis and environmental impact of electric vehicle |
| title_fullStr |
Techno-economic analysis and environmental impact of electric vehicle |
| title_full_unstemmed |
Techno-economic analysis and environmental impact of electric vehicle |
| title_sort |
techno-economic analysis and environmental impact of electric vehicle |
| publisher |
Institute of Electrical and Electronics Engineers Inc. |
| publishDate |
2023 |
| _version_ |
1806424369134567424 |
| score |
13.222552 |