Campus Units

Civil, Construction and Environmental Engineering

Document Type

Article

Publication Version

Accepted Manuscript

Publication Date

4-1-2019

Journal or Book Title

Transportation Research Record

Volume

2673

Issue

4

First Page

251

Last Page

261

DOI

10.1177%2F0361198119837960

Abstract

This paper investigates the economic viability of plug-in hybrid electric vehicles (PHEV) in Shanghai, China based on a real-world in-use PHEV dataset. To quantify PHEV drivers’ gross profit compared with internal combustion engine vehicle (ICEV) owners, a total cost of ownership (TCO) model is adopted taking account of vehicle retail price, tax credits, subsidies, insurance, maintenance, energy prices, and resale value. The impact of the determinants for gross profit are examined in relation to vehicle distance traveled (VDT) electrically, gasoline price, electricity price, and car-buying cost. It is found that: (1) only 10% of the deployment of PHEVs (i.e., BYD Qin) is economically viable if the benefit from a free license plate is exempt; (2) the 100-kilometer gross profit of PHEVs increases linearly with the electric driving distance, while the saving of energy cost per kilometer decreases with the total VDT; (3) PHEVs’ profit could be significantly improved by reducing the car-buying cost—a decrease of 10% in car-buying cost makes 80% of the PHEV deployment feasible; and (4) if switching the daytime charges to off-peak hours, 50% of the PHEV deployment will become feasible.

Research Focus Area

Transportation Engineering

Comments

This is a manuscript of an article published as Xia, Yan, Jie Yang, Zhiyuan Liu, and Jing Dong. "Cost-Effectiveness Analysis of Plug-In Hybrid Electric Vehicles using Vehicle Usage Data Collected in Shanghai, China." Transportation Research Record 2673, no. 4 (2019): 251-261. DOI: 10.1177%2F0361198119837960. Posted with permission.

Copyright Owner

National Academy of Sciences: Transportation Research Board

Language

en

File Format

application/pdf

Published Version

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