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Electric Cars Vs Gasoline Cars

Electric Cars Vs Gasoline Cars. Group Member. Chan Kin Wai Lam Shu Pui Lau Hang Kin Lau Yip Fai Lei Chi Ho Leung Man Tat. Outline. Assumptions Cost Feasibility of Using Electric Cars vs Gas Powered Car Environmental Impact. Assumptions.

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Electric Cars Vs Gasoline Cars

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  1. Electric Cars Vs Gasoline Cars

  2. Group Member Chan Kin Wai Lam Shu Pui Lau Hang Kin Lau Yip Fai Lei Chi Ho Leung Man Tat

  3. Outline • Assumptions • Cost Feasibility of Using Electric Cars vs Gas Powered Car • Environmental Impact

  4. Assumptions • Third 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 years • MARR = 7% • The charger is provided

  5. Cost of Purchase

  6. Electric Car’s Battery Economics Today

  7. Typical Gasoline Car’s Cost Information

  8. Annual Maintenance Cost

  9. Salvage Value after 10 years

  10. Cash Flow Diagram of Gasoline Cars Annual Cost = Fuel Cost +Maintenance Cost + Parking + Insurance = $27,733 + $15,000 + $36,000 +$2,500 Salvage Value = $10,000 $81,233 MARR=7% $287,254 Initial Cost = License + Purchase = $7,254 + $280,000

  11. Cash Flow Diagram of Electric Car Annual Cost = Fuel Cost +Maintenance Cost + Parking + Insurance = $3,000 + $10,000 + $36,000 + $2,500 Salvage Value = $30,000 MARR=7% $49,000 $607,254 Initial Cost = License + Purchase = $7,254 + $600,000

  12. Total Cost:EV vs Gasoline Cars

  13. Environmental Impact • Air 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

  14. 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

  15. THE END

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