Comprehensive Comparison between Hybrid and Electric Vehicles Using a Multi-Dimensional Techno-Economic Assessment Diagram: Concept and Application

Abstract

This paper presents a visualization methodology, in the form of a multi-dimensional techno-economic assessment diagram, to comprehensively illustrate the relationship between assumptions (sets of input parameters) and results (corresponding output variables). This methodology is applied to analyze the lifecycle costs and CO2 emissions of hybrid vehicles (HVs) and electric vehicles (EVs). This paper then develops an eight-dimensional interactive diagram showing the relative advantages of HVs or EVs in the input space consisting of the following parameters: HV fuel efficiency; EV energy efficiency, total mileage travelled gasoline price, electricity price, battery price, gasoline CO2 intensity, and electricity CO2 intensity. This methodology provides a map illustrating the comprehensive relationship between the inputs and outputs in the model used, where specific scenarios (specific sets of inputs and their outputs) are represented by points plotted on the map. This methodology can be used in systematic comparisons of electric vehicles and related uncertainty analyses.