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This study evaluates eight-year ownership costs for battery electric vehicles (BEV) versus non-plugin hybrid vehicles using forecasting to estimate future electricity and conventional gasoline prices and incorporating these in a multiple design of experiments simulation. Results suggest that while electric vehicles are statistically dominant in ter...
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... depicted in Figure 2, retail regular gasoline prices rose fairly consistently through 2008 and 188 then experienced a precipitous drop, perhaps due to the economic slowdown [29]. They then rose 189 again until 2014 prior to another major downward adjustment, perhaps due to OPEC ineffectiveness 190 as a cartel as well as the laws of supply and demand [30]. The mean gas price over this time is $2.21 / ...
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This study evaluates eight-year ownership costs for battery electric vehicles (BEV) versus non-plugin hybrid vehicles, using forecasting to estimate future electricity and conventional gasoline prices and incorporating these in a multiple design of experiments simulation. Results suggest that while electric vehicles are statistically dominant in te...
