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primary topic: Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach

Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach
type: AcademicArticle
type: Article
abstract: The need to mitigate CO2 emissions from the transportation sector has necessitated the adoption of electric vehicles (EVs) and other forms of alternative vehicles. Despite the global rise of EVs demand as a complementary means of green transportations, the level of adoption in Malaysia is still not encouraging. Therefore, this study aimed to investigate the cost competitiveness of EVs in comparison with Hybrid Electric Vehicles (HEVs) and an Internal Combustion Vehicle (ICV) based on Malaysia scenarios. Using the existing data in Malaysia, life cost analysis (LCC) of two EVs was computed and compared with HEVs and ICVs. The study shows that Nissan leaf and BMW i3s EVs with LCC of 1.75 and 2.5 per km are not cost-competitive based on prevalent data available in Malaysia compared to the HEVs and ICV. Based on the sensitivity analysis, changes in the components of the operating costs significantly influence the accumulated cost of ownership of the EVs whereas the cost of ownership of the HEVs and ICVs did not experience any significant influence. The findings from this study could serve as bases for policymakers to formulate appropriate policies and strategies to improve the competitiveness of EVs in Malaysia. © 2020 by the authors.
date: 2020
volume: 12
issue: 13
is part of: Sustainability (Switzerland)
status: peerReviewed
status: published
author list: authors
type: EPrint
type: ArticleEPrint
is part of: repository

MDPI
type: Organization

Sustainability (Switzerland)
type: Collection
issn: 20711050

Freida Ozavize Ayodele
type: Person
given name: Freida Ozavize
family name: Ayodele

WaznatolWidad Mohamad Ishak
type: Person
given name: WaznatolWidad Mohamad
family name: Ishak

Siti Indati Mustapa
type: Person
given name: Siti Indati
family name: Mustapa

Bamidele Victor Ayodele
type: Person
given name: Bamidele Victor
family name: Ayodele

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primary topic: Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach