A financial impact analysis of market conditions and policy measures on total costs of vehicle ownership
A range of electric vehicle policy-, market condition-, and user/usage specification scenarios is modeled in order to derive total costs of ownership (TCO) of electric vehicles (EVs) compared to conventional vehicles (CVs). Special importance is given to user and territorial characteristics that prove to have significant impact on the TCO. For this purpose the Paris region is taken as example. Further, sensitivity analyses of cost influencing factors are carried out; break-even analyses reveal most stringent requirements (concerning vehicle detention period, fuel prices and annual mileage) for a successful EV uptake. The set up model and derived TCO can (should!) serve for well founded future EV demand analyses.