Modeling the Spread of Electric Vehicles Based on Life-Cycle Cost
Compelled by the shortage of non-renewable energy and long-term development of society, the purpose of this study was to test the feasibility and possibility of the widespread of battery electric vehicles (BEV) to substitute fuel vehicles. “Life cycle cost” (LCC) model was used to compare the cost of electric vehicle and gasoline vehicle from 2009 to 2035 year assuming that the cost is charged by “per-mile-cost”. After 2019, the cost of EV will manifest its superiority. It was concluded that the vehicle manufactures should strive to improve the performance of battery technologically, especially the number of charge cycle first and the government can provide fuel tax or financial subsidy for costumes to buy EV or provide research fund to assist technological improvement to boost the widespread of EV