Energy

New EPRI Study Examines Total Cost of Electric Vehicle Ownership

EPRI, formerly the Electric Power Research Institute, has published a new report entitled, Total Cost of Ownership Model for Current Plug-in Electric Vehicles that examines the finanical implications of owning electric-drive vehicles; the Nissan LEAF and Chevrolet Volts, in particular. They conclude that three key points:

  • Financially, there are no show-stoppers when considering purchasing a PEV (plug-in electric vehicle), stating, \”… with current incentives and prices, financial factors should not be a deterrent to a PEV purchase by most buyers.\”
  • The overall ownership costs of Nissan\’s LEAF makes it \”less expensive than competing options on average…\”
  • The relative costs of PEVs will remain sensitive to the price of gasoline, but that \”state incentives or rebates and equivalent vehicle price changes will have an even larger impacton cost tradeoffs

via New EPRI Study Examines Total Cost of Electric Vehicle Ownership – EVWORLD.COM.

Categories: Energy, Transportation

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