A Comparative Study of Initial Cost Recuperation Period of Plug-In Series Hybrid Electric Two-Wheel Vehicles in Southeast Asian Countries

Woongchul Choi and Seokho Yun
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Woongchul Choi: Department of Automotive Engineering, Kookmin University, Seoul 02707, Korea
Seokho Yun: Department of Security Enhanced Smart Electric Vehicle, Kookmin University, Seoul 02707, Korea

Sustainability, 2020, vol. 12, issue 24, 1-10

Abstract: While pollutant emissions from vehicles are under heavy scrutiny all around the world, small two-wheelers have not been under strict regulations until recently. Especially in the region of Southeast Asia, a tremendous number of old, in-house rebuilt and outdated two-wheelers are in operation and, as a result, pollutant emission problems are one of the most serious concerns of the communities. Since electric grid systems for consistent and stable supply of electricity are not there yet, thus plug-in series hybrid two-wheel vehicles have attracted much attention and are thought to be a meaningful solution for many people in the region. In the current study, an energy simulation tool has been developed to compare the ownership cost of an internal combustion engine (ICE)-based two-wheeler and that of a plug-in series hybrid electric scooter. To estimate annual energy cost (sum of gasoline and electricity cost), gasoline prices and household electricity rates in major Southeast Asian countries were collected. In addition, the nominal initial vehicle prices of ICE-based scooters and those of plug-in series hybrid electric two-wheel vehicles were gathered to estimate the time for the recovery of the initial investment.

Keywords: hybrid electric two-wheel vehicle; hybrid electric scooter; battery; driving cycle; investment cost recovery (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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