A Techno-Economic Analysis of BEVs with Fast Charging Infrastructure

Jeremy Neubauer, Ahmad Pesaran

Research output: Contribution to conferencePaperpeer-review

Abstract

Battery electric vehicles (BEVs) offer the potential to reduce both oil imports and greenhouse gas emissions, but high upfront costs, battery-limited vehicle range, and concern over high battery replacement costs may discourage many potential purchasers. One proposed solution is to employ a subscription model under which a service provider assumes ownership of the battery while providing access to vast fast charging infrastructure. Thus, high upfront and subsequent battery replacement costs are replaced by a predictable monthly fee, and battery-limited range is replaced by a larger infrastructure-limited range. Assessing the costs and benefits of such a proposal are complicated by many factors, including customer drive patterns, the amount of required infrastructure, and battery life. Herein the National Renewable Energy Laboratory applies its Battery Ownership Model to address these challenges and compare the economics and utility of a BEV fast charging service plan to a traditional direct ownership option. In single vehicle households, where such a service is most valuable, we find that operating a BEV under a fast charge service plan can be more cost-effective than direct ownership of a BEV, but it is rarely more cost-effective than direct ownership of a conventional vehicle.

Original languageAmerican English
Pages1-12
Number of pages12
DOIs
StatePublished - 1 Oct 2014
Event27th World Electric Vehicle Symposium and Exhibition, EVS 2014 - Barcelona, Spain
Duration: 17 Nov 201320 Nov 2013

Conference

Conference27th World Electric Vehicle Symposium and Exhibition, EVS 2014
Country/TerritorySpain
CityBarcelona
Period17/11/1320/11/13

Bibliographical note

See NREL/CP-5400-60007 for preprint

NREL Publication Number

  • NREL/CP-5400-63185

Keywords

  • Battery ownership model
  • Electric vehicles
  • Fast charge
  • Range extension
  • Total cost of ownership

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