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Evaluation of Cost Competitiveness of Electric Vehicles in Malaysia Using Life Cycle Cost Analysis Approach

descriptionPublicationkeyboard_double_arrow_right Article , Journal , Other literature type 30 Jun 2020Publisher:MDPI AGJournal:Sustainability, volume 12, page 5,303 (eissn: 2071-1050,

Authors: Siti Indati Mustapa; Bamidele Victor Ayodele; Waznatol Widad Mohamad Ishak; Freida Ozavize Ayodele;

doi: 10.3390/su12135303

Evaluation of Cost Competitiveness of Electric Vehicles in Malaysia Using Life Cycle Cost Analysis Approach

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Abstract

The need to mitigate CO2 emissions from the transportation sector has necessitated the adoption of electric vehicles (EVs) and other forms of alternative vehicles. Despite the global rise of EVs demand as a complementary means of green transportations, the level of adoption in Malaysia is still not encouraging. Therefore, this study aimed to investigate the cost competitiveness of EVs in comparison with Hybrid Electric Vehicles (HEVs) and an Internal Combustion Vehicle (ICV) based on Malaysia scenarios. Using the existing data in Malaysia, life cost analysis (LCC) of two EVs was computed and compared with HEVs and ICVs. The study shows that Nissan leaf and BMW i3s EVs with LCC of $1.75 and $2.5 per km are not cost-competitive based on prevalent data available in Malaysia compared to the HEVs and ICV. Based on the sensitivity analysis, changes in the components of the operating costs significantly influence the accumulated cost of ownership of the EVs whereas the cost of ownership of the HEVs and ICVs did not experience any significant influence. The findings from this study could serve as bases for policymakers to formulate appropriate policies and strategies to improve the competitiveness of EVs in Malaysia.

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Keywords

electric vehicle policies, cost competitiveness, Environmental effects of industries and plants, Malaysia, TJ807-830, TD194-195, Renewable energy sources, Environmental sciences, GE1-350, life cycle cost, electric vehicles

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	citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	17
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Top 10%
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Top 10%