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Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach

carbon emission; competitiveness; cost analysis; electric vehicle; life cycle analysis; policy making; pollution policy; strategic approach; Malaysia

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Bibliographic Details
Main Authors: Mustapa S.I., Ayodele B.V., Ishak W.M., Ayodele F.O.
Other Authors: 36651549700
Format: Article
Published: MDPI 2023
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spelling my.uniten.dspace-254012023-05-29T16:08:59Z Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach Mustapa S.I. Ayodele B.V. Ishak W.M. Ayodele F.O. 36651549700 56862160400 57195987519 57200615209 carbon emission; competitiveness; cost analysis; electric vehicle; life cycle analysis; policy making; pollution policy; strategic approach; Malaysia 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. � 2020 by the authors. Final 2023-05-29T08:08:59Z 2023-05-29T08:08:59Z 2020 Article 10.3390/su12135303 2-s2.0-85088261415 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85088261415&doi=10.3390%2fsu12135303&partnerID=40&md5=88a46904e4dcbb983b5f3374d203f17b https://irepository.uniten.edu.my/handle/123456789/25401 12 13 5303 All Open Access, Gold, Green MDPI Scopus
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description carbon emission; competitiveness; cost analysis; electric vehicle; life cycle analysis; policy making; pollution policy; strategic approach; Malaysia
author2 36651549700
author_facet 36651549700
Mustapa S.I.
Ayodele B.V.
Ishak W.M.
Ayodele F.O.
format Article
author Mustapa S.I.
Ayodele B.V.
Ishak W.M.
Ayodele F.O.
spellingShingle Mustapa S.I.
Ayodele B.V.
Ishak W.M.
Ayodele F.O.
Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach
author_sort Mustapa S.I.
title Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach
title_short Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach
title_full Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach
title_fullStr Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach
title_full_unstemmed Evaluation of cost competitiveness of electric vehicles in Malaysia using life cycle cost analysis approach
title_sort evaluation of cost competitiveness of electric vehicles in malaysia using life cycle cost analysis approach
publisher MDPI
publishDate 2023
_version_ 1806428031913295872
score 13.222552

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