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This paper compares the total cost of ownership (TCO) of battery electric vehicles (BEVs) and internal combustion engine vehicles (ICEVs), highlighting that while BEVs have a higher initial cost, they can achieve cost parity in as little as 5 to 8 years due to lower operating costs. The study utilizes a comprehensive TCO model that accounts for various factors including purchase price, maintenance, and energy costs, emphasizing the growing favorability of BEVs as battery technology advances. The findings su

Author

reubenpajouw2905

Language

EN