2587. Do Electric Vehicles Pay Off? A Lifecycle Cost and Socioeconomic Analysis of Passenger Vehicles in Emerging Country (India)
Invited abstract in session OR for Societal Development, stream OR for Development.
Authors (first author is the speaker)
| 1. | Sudhanshu Singh
|
| Mechanical Engineering, Birla Institute of Technology and Science Pilani, Pilani Campus, India | |
| 2. | Abhijeet Digalwar
|
| Mechanical Engineering, Birla Institute of Technology and Science, Pilani, India | |
| 3. | Srikanta Routroy
|
| Mechanical Engineering , Birla Institute of Technology and Science, Pilani, India |
Abstract
The transport sector significantly contributes to carbon emissions, particularly in rapidly developing economies like India. This study evaluates the economic competitiveness of passenger vehicles using an eight-year Total Cost of Ownership (TCO) model comparing petrol, diesel, and battery electric vehicles across SUV segments and price ranges. The analysis incorporates purchase cost, fuel or electricity expenditure, maintenance, depreciation, and policy incentives, along with a socioeconomic assessment of lifecycle emissions. Results indicate that BEVs are cost-competitive.
Keywords
- Sustainable Transportation
- Decision Support Systems
- Economic Modeling
Status: accepted
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