Economics of electric vehicles

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Economics of electric vehicles:

Economics of electric vehicles April 8 th , 2011 by Kezhou Guan and Jinting Zhu

INTRODUCTION:

INTRODUCTION Technical Background Additional Demand on Infrastructure Consumer Economics Benefits for Local Business

TECHNICAL BACKGROUND:

TECHNICAL BACKGROUND Electric Vehicle Hybrid Configuration Pure Electrical Configuration Lithium Ion Batteries

TECHNICAL BACKGROUND:

TECHNICAL BACKGROUND Electric Vehicle Hybrid Configuration Pure Electrical Configuration Lithium Ion Batteries

TECHNICAL BACKGROUND:

TECHNICAL BACKGROUND Charging Station A Step-up transformer An AC-DC converter Cost about $2000 each

DEMAND ON INFRASTRUCTURE:

DEMAND ON INFRASTRUCTURE Additional Demand on Grid All saved gas energy demand are transferred to electric energy demand Transmission grid needs to handle the demand Utilities need to generate enough power Planned charging period required!

DEMAND ON INFRASTRUCTURE:

DEMAND ON INFRASTRUCTURE Battery Recycling Batteries are harmful to environment Need proper recycling programs from the government Lithium ion battery life: >3 years Governments have enough time to plan everything

CONSUMER ECONOMICS:

CONSUMER ECONOMICS Buying Incentive Gas price will stay above $100/barrel from now Electricity price in BC is stable and low Electric Vehicle saves money Nissan Leaf Toyota Camry Energy Consumption 21kWh/100km 8.28L/100km “Fuel Cost” $1.84/100km $10.43/100km

CONSUMER ECONOMICS:

CONSUMER ECONOMICS Cost of Vehicle Highest cost: battery Battery cost in Nissan Leaf: $18000 USD Government has tax credit and rebates on EVs US government offer over $7000 rebates on Leaf Affordable by general consumers

LOCAL BUSINESS:

LOCAL BUSINESS Electric Car Conversion Services Local EV conversions well established Rapid Electric Vehicles Electric Autosports Dynasty Electrics Generate tax and employment Charging Station Companies New field: Entrepreneurships Local start-ups such as BIG Green Island Transportation

CONCLUSION:

CONCLUSION Electric Vehicles make economic sense No expensive grid upgrades needed Electric Vehicles are affordable by consumers Electric Vehicles stimulates local economy THANK YOU VERY MUCH!