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Life-Cycle Break-Even Analysis of Electric Carsharing: A Comparative Study in China

doi: 10.3390/su12166584
Electric carsharing (ECS) is a potential option to address the problem of unsustainability in the transportation sector. The business-to-consumer model of ECS, which is one of several different electric carsharing models, has gained much popularity in recent years. Generating sufficient revenue to cover costs is a critical factor for ECS companies to maintain healthy development. This study makes an economic analysis, on the basis of life-cycle cost and monetary revenue associated with the operation of ECS, of two Chinese ECS companies: EVCARD and LCCS. Based on data gathered by field investigation, this study aims to determine the break-even moment for each company’s main vehicle models by means of the net present value method. The results show that EVCARD achieved an earlier break-even moment than LCCS. The break-even moment of Chery eQ of EVCARD was the shortest of all the vehicle models, at only 181.3 min. Moreover, a sensitivity analysis was conducted to portray how different cost-related and revenue-related factors influence the break-even moment. Our findings indicate that a wide difference exists in terms of the influence of different factors on the break-even moment. Among these, the manufacturer’s suggested retail price is the most influential variable, followed by the unit rental price. The reaction of the break-even moment to the market price of a charging pile and the non-rental revenue per vehicle—especially the latter—was found to be negligible in the sensitivity analysis.
- Shanghai Dianji University China (People's Republic of)
- Shanghai University China (People's Republic of)
- Tongji University China (People's Republic of)
break-even moment, Environmental effects of industries and plants, LCCS, TJ807-830, TD194-195, Renewable energy sources, Environmental sciences, electric carsharing, sensitivity analysis, life-cycle cost, GE1-350, EVCARD
break-even moment, Environmental effects of industries and plants, LCCS, TJ807-830, TD194-195, Renewable energy sources, Environmental sciences, electric carsharing, sensitivity analysis, life-cycle cost, GE1-350, EVCARD
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