Variability in total cost of vehicle ownership across vehicle and user profiles

The widespread penetration of electric vehicles (EVs) has emerged as the leading technological pathway for cutting levels of carbon emissions from road transport activity. Although the up-front purchase costs are often the focus for consumers, the total cost of ownership (TCO) of EVs relative to internal combustion engine vehicles (ICEVs) is a critical metric for informing consumer decision-making and for supporting associated policy design. Researchers from EnvEcon Decision Support and University College Dublin analyzed the TCOs of a variety of cars and driving profiles in a defined framework of taxes, grant and fuel prices in order to deliver a granular and detailed assessment of the variability that exists in TCO and the consequent relevance to consumer decision making and policy design.

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