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