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Design Science Journal
Papers

Total Cost of Ownership and Its Potential Implications for Electric Vehicle Diffusion

Total Cost of Ownership and Its Potential Implications for Electric Vehicle Diffusion

Year: 2014

Section: Users in design and development

Editor: Miko Laakso, Kalevi Ekman

Author: Jens Hagman, Sofia Ritzen, Jenny Janhager Stier

Series: NordDESIGN

Institution: The Royal Institute of Technology, Sweden

Section: Users in design and development

Pages: 366-375

ISBN: 978-1-904670-58-2

Abstract

Battery Electric Vehicles have been slow to diffuse on the international as well as the Swedish market. Existing literature have pointed to situational factors such as economical factors, size and performance to be of high importance for car purchasers in their choice of car. In this paper, the authors investigate the apparent discrepancy between purchase price and the Total Cost of Ownership between Internal Combustion Engine Vehicles and Battery Electric Vehicles. The Total Cost of Ownership computation reveals that Battery Electric Vehicles can be cost competitive with Internal Combustion Engine Vehicles, a significant finding, that could prove to be of importance for the diffusion of Battery Electric Vehicles, although further studies are needed to test car purchasers’ knowledge regarding the Total Cost of Ownership analysis.

Keywords: Electric vehicles, total cost of ownership, diffusion of innovation, sustainability

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ds conferenceNordDesign 2014 at Aalto University Design Factory Espoo, Finland August 27th – 29th 2014

In the area of innovation, design and product development we quite often seem to know that something works in practice, but might lack understanding on the theoretical foundations. Many of the topical issues related to design, development, and innovation that seem to be regarded as “common knowledge” within the industry, are insufficiently founded from the theoretical perspective. On the other hand, results of academic research are often insufficiently disseminated to the industry. We are calling...

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Special Interest Group (SIG)NordDesign

Enhancing a Nordic approach to product development in industry, education and research...

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Keywords
Design 2010