Cost Benefit Analysis for the EV Action Plan

Scenario: The Hyundai Accent Vs Leaf

Assumptions

Daily distance travelled 60 km

Utilization rate annually 90%
Annual distance travelled 19710 kms
Annual increase in fuel price 7%
Annual increase in electricity price 14%
Maintenance
Hyundai Accent 5% First year 10% Annual increase thereafter
Nissan Leaf 1% First year 2% Annual increase thereafter

Battery replacement 252000.00

Facts
Vehicle Cost
Hyundai Accent 760000
Alto 800
Nissan Leaf 1260000 72
945000 200
630000 600
Petrol cost 68
Electricity price
0-100 kWh 0.98
101-300 kWh 1.86
>300 2.46
Petrol Consumption 14 km/L
7.1 L/100km
Electricity Consumption 4.72 km/kWh
21.2 kWh/100
 ICV
Per 100 km 482.80 Nu.
Per km 4.83 Nu.
Per Nu 0.21 Kms
Per 100 Nu 20.71 Kms

EV
Per 100 km 20.776 Nu.
Per km 0.21 Nu.
Per nu 4.81 Kms
Per 100 Nu 481.32 Kms

Per month electricity consumption (kWh) 343.44

Cost 576.86

Costs Year
0 1 2 3 4 5

Hyundai Accent
Upfront cost 760000
Energy cost 95160 101821 108949 116575 124735 133467
Maintenance 38000 41800 45980 50578 55636 61199
Registration 2500 2500 2500 2500 2500 2500
Insurance 1100 1100 1100 1100 1100 1100
Total Accent 896759.88 147221.07 158528.55 170752.94 183970.99 198266.03

Nissan Leaf (72 units)

Upfront cost 1260000
Energy cost
Maintenance 12600 12852 13109 13371 13639 13911
Registration 2500 2500 2500 2500 2500 2500
Insurance 1100 1100 1100 1100 1100 1100
Battery reoplacement
Total Leaf 1276200 16452.00 16709.04 16971.22 17238.65 17511.42
Upfront cost difference 500000
(r = 5%)

(1 + )
Annual Costs savings -379440 124542 128634 132842 137171 141626
Cumulative cost savings -379440 -254898 -126264 6579 143750 285376

(r = 7%)

(1 + )
Annual cost savings -379440 122214 123871 125532 127199 128876
Cumulative cost savings -379440 -257226 -133355 -7824 119376 248251

(r = 5%) (r =7%)


(1 + )
NPV 0 736714 643687

Average annual cost savings 124017 64369

Payback period

Costs Year
0 1 2 3 4 5

Hyundai Accent
Upfront cost 760000
Energy cost 95160 101821 108949 116575 124735 133467
Maintenance 38000 41800 45980 50578 55636 61199
Registration 2500 2500 2500 2500 2500 2500
Insurance 1100 1100 1100 1100 1100 1100
Total Accent 896759.88 147221.07 158528.55 170752.94 183970.99 198266.03

Nissan Leaf (200 units)

Upfront cost 945000
Energy cost 0 0 0 0 0 0
Maintenance 12852 13109.04 13371.2208 13638.64522 13911.41812 14189.64648
Registration 2500 2500 2500 2500 2500 2500
Insurance 1100 1100 1100 1100 1100 1100
Battery reoplacement
Total Leaf I 961452 16709.04 16971.22 17238.65 17511.42 17789.65

Upfront cost difference 185000

(r = 5%)

Annual Costs savings (1 + ) -64692 124297 128397 132611 136947 141408
Cumulative cost savings -64692 59605 188002 320613 457560 598968

(r = 7%)

Annual cost savings (1 + ) -64692 121974 123642 125313 126991 128677
Cumulative cost savings -64692 57282 180923 306237 433228 561905

(r = 5%) (r =7%)


NPV (1 + ) 1050784 957724
0

Average annual cost savings 123942 95772

Payback period

Total Leaf II 646822.35 17917.48 19150.80 20541.37 22110.89 23884.10

 7930.0

6 7 8 9

Total Cost of Ownership

760000 27.978272
142809 152806 163502 174948 1314771.53 48.401362
67319 74051 81456 89602 605622.13 22.29508
2500 2500 2500 2500 25000.00 0.9203379
1100 1100 1100 1100 11000.00 0.4049487
213728.64 230457.22 248558.77 268149.57 2716393.66 100

1260000 74.734582
0.00 0
14190 14473 14763 15058 137966.48 8.1832282
2500 2500 2500 2500 25000.00 1.482829
1100 1100 1100 1100 11000.00 0.6524448
252000.00 252000.00 14.946916
17789.65 18073.44 18362.91 270658.17 1685966.48 100
 TCO composition- Accent
Registration
1% Insurance
1%

146213 150937 155806 -1617 Maintenance Upfront cost

431589 582526 738331 736714 22% 28%

130562 132262 133976 -1365

378814 511076 645052 643687 Energy cost
48%

TCO composition
6 7 8 9 Insurance
1%
Total Cost of Ownership
Registration Battery
760000 27.978272 reoplacement
1%
142809 152806 163502 174948 1314771.53 48.401362 15%
67319 74051 81456 89602 605622.13 22.29508 Maintenance
2500 2500 2500 2500 25000.00 0.9203379 8%
1100 1100 1100 1100 11000.00 0.4049487
Energy
 Energy
213728.64 230457.22 248558.77 268149.57 2716393.66 100 cost
0%

945000 68.891319
0 0 0 0 0.00 0
14473.43941 14762.9082 15058.16636 15359.32969 140725.81 10.259034
2500 2500 2500 2500 25000.00 1.8225217
1100 1100 1100 1100 11000.00 0.8019095
250000.00 250000.00 18.225217
18073.44 18362.91 18658.17 268959.33 1371725.81 100

TCO- Leaf I
146001 150731 155606 -522
744969 895700 1051306 1050784
Insurance
1% Battery reoplacement
18%
Registration
2%
130373 132082 133804 -440
692278 824360 958164 957724 Maintenance
10%

Energy cost
0%

25889.19 28158.30 30728.05 285640.21

 1400000

1200000

1000000

800000
Cost

600000

400000

200000

0
0 1 2 3 4 5 6 7 8 9 10

-200000
Year
TCO composition- Leaf

Battery
reoplacement
15%
 Upfront cost
75%

Upfront cost
69%
Total Accent
Total Leaf
Total Leaf I
Total Leaf II
Linear (Total Accent)
Linear (Total Leaf)
Linear (Total Leaf I)
Linear (Total Leaf II)