2. Electric Cars Vs Gasoline Cars

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

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

5. 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

6. Cost of Purchase Gasoline Car (HKD)~$280,000 Electric Car (HKD)~$600,000

7. Electric Car’s Battery Economics Today NiMH Battery Cost (HKD/kWh)$11,700 Pack Capacity (kWh)30 Pack Cost (HKD)$351,000 Battery Life (yr)12 EV Range (km)214 Cost of travel 20,000km/year $3,000

8. Typical Gasoline Car’s Cost Information Gasoline Price(HKD/Litre)$10.4 Capacity(Litre)~40 Range(km/Litre)~7.5 Cost of travel 20,000km/year $27,733

9. Annual Maintenance Cost Gasoline Car(HKD)~$15,000 Electric Car(HKD)~$10,000

10. Salvage Value after 10 years Gasoline Car$10,000 Electric Car$30,000

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

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

13. Total Cost: EV vs Gasoline Cars Gasoline CarsElectric Cars Annual Worth~$121,408~$135,788 Present Worth~$852,717~$953,718

14. 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

15. 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

16. THE END