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Electric Vehicle Life Cycle Cost Assessment, Florida Solar Energy Center, Richard Raustad

FSEC Energy Research Center®

The Electric Vehicle Transportation Center (EVTC) has developed a life cycle cost (LCC) model to include all reasonable costs associated with vehicle ownership over a 5, 10, 15, or 20-year period. The EVTC LCC model compares ownership costs of conventional vehicles to plug-in hybrid and battery electric vehicles. Internal combustion engines using gasoline, ethanol, or diesel are considered. The analysis includes costs for tires, insurance and maintenance, federal incentives, state tax, dealership fee, and financed interest payments. Traction battery replacement costs are difficult to ascertain yet are included to investigate their impact on overall life cycle costs. Economic factors used …