Abstract
The widespread adoption of plug-in electric vehicles (PEVs) will depend on public appreciation of the potential savings in ownership costs that PEVs offer over conventional, internal combustion energy vehicles (ICEVs) and hybrid electric vehicles (HEVs), including fuel savings. This study compares the energy consumption and estimated ownership costs of various technologies for multiple drive cycles in the United States and the European Union; identifies and quantifies the impacts of the main parameters influencing the ownership costs of PEVs in comparison with other powertrains for different timeframes, vehicle classes, and technologies; and assesses under what combinations of parameters the cost of PEVs can be competitive with other powertrains.
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