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Electric Cars Vs
Gasoline Cars
Chan Kin WaiLam Shu PuiLau Hang KinLau Yip FaiLei Chi HoLeung Man Tat
Group Member
Outline
AssumptionsCost Feasibility of Using Electric Cars vs Gas Powered CarEnvironmental Impact
AssumptionsThird Party Insurance for both types of cars are the same(=$2,500/yr)Licence Fees are equal(=$7,254/yr)Parking Fees are the same(=$36,000/yr)The cars will be used for 10 yearsMARR = 7%The charger is provided
Cost of Purchase
Gasoline Car (HKD) ~$280,000
Electric Car (HKD) ~$600,000
Electric Car’s Battery Economics Today
NiMH
Battery Cost (HKD/kWh) $11,700
Pack Capacity (kWh) 30
Pack Cost (HKD) $351,000
Battery Life (yr) 12
EV Range (km) 214
Cost of travel 20,000km/year
$3,000
Typical Gasoline Car’s Cost Information
Gasoline Price(HKD/Litre) $10.4
Capacity(Litre) ~40
Range(km/Litre) ~7.5
Cost of travel 20,000km/year
$27,733
Annual Maintenance Cost
Gasoline Car(HKD) ~$15,000
Electric Car(HKD) ~$10,000
Salvage Value after 10 years
Gasoline Car $10,000
Electric Car $30,000
Cash Flow Diagram of Gasoline Cars
$287,254$81,233
Annual Cost = Fuel Cost +Maintenance Cost + Parking + Insurance= $27,733 + $15,000 + $36,000 +$2,500
Initial Cost = License + Purchase = $7,254 + $280,000
Salvage Value = $10,000
MARR=7%
Cash Flow Diagram of Electric Car
$607,254$49,000
Initial Cost = License + Purchase = $7,254 + $600,000
Salvage Value = $30,000
MARR=7%
Annual Cost = Fuel Cost +Maintenance Cost + Parking + Insurance = $3,000 + $10,000 + $36,000 + $2,500
Total Cost:EV vs Gasoline Cars
Gasoline Cars Electric Cars
Annual Worth ~$121,408 ~$135,788
Present Worth ~$852,717 ~$953,718
Environmental ImpactAir Pollution
•Near zero exhaust emission by EV•657 pounds of particle emitted from gasoline powered car
Noise Pollution •Near zero noise pollution by EV
Fuel Efficiency•EV is more efficient than gasoline powered car
Recycling of Electric Battery•98% of the electric pack can be recycled
Conclusion
EV are more expensive than GV
but it is expected that the price of EV will go down
EV are environmental friendly
Being considerate using EV are the future trend
THE END