Economic benefits models for different types of new energy vehicles

Chengyuan Huang

doi:10.1117/12.3023869

9 April 2024 Economic benefits models for different types of new energy vehicles

Chengyuan Huang

Proceedings Volume 12989, Third International Conference on Intelligent Traffic Systems and Smart City (ITSSC 2023); 129890P (2024) https://doi.org/10.1117/12.3023869
Event: Third International Conference on Intelligent Traffic Systems and Smart City (ITSSC 2023), 2023, Xi'an, China

Abstract

In the context of growing demands for energy conservation and emissions reduction, green logistics has become a focal point in the logistics industry. However, the adoption of new energy vehicles requires substantial capital investment, necessitating an assessment of the economic benefits and overall operational costs of different vehicle types. This study establishes a comprehensive cost calculation model for three types of new energy vehicles: battery electric vehicles (BEV), hybrid electric vehicles (HEV), and fuel cell electric vehicles (FCEV). The model not only considers purchase costs but also analyzes energy consumption costs and their cost trends over time. Through comparative analysis of economic benefits at different distances in current and future stages, this study reveals the long-term economic advantages of new energy vehicles compared to Internal Combustion Engine Vehicles (ICEV). The results indicate that driven by continuous technological advancements, BEV demonstrates superior long-term economic benefits compared to ICEV.

(2024) Published by SPIE. Downloading of the abstract is permitted for personal use only.

Citation Download Citation

Chengyuan Huang "Economic benefits models for different types of new energy vehicles", Proc. SPIE 12989, Third International Conference on Intelligent Traffic Systems and Smart City (ITSSC 2023), 129890P (9 April 2024); https://doi.org/10.1117/12.3023869

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