This presentation uses a vehicle simulator and economics model called the Battery Ownership Model to examine the levelized cost per mile of conventional (CV) and hybrid electric vehicles (HEVs) in comparison with the cost to operate an electric vehicle (EV) under a service provider business...

Electric vehicles could significantly reduce greenhouse gas (GHG) emissions and dependence on imported petroleum. However, for mass adoption, EV costs have historically been too high to be competitive with conventional vehicle options due to the high price of batteries, long refuel time, and a...