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http://dx.doi.org/10.5370/KIEE.2018.67.3.343

A Study on the Economic Analysis of Introducing Battery-Based Eco Bus: Case Study of Daegu City, South Korea  

Bak, Jae Seok (Dept. of Electrical and Electronic Convergence System Engineering, Keimyung University)
Kim, Sung-Yul (Dept. of Electrical Energy Engineering, Keimyung University)
Kim, Dong-Min (Dept. of Electrical Engineering, Dongshin University)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.67, no.3, 2018 , pp. 343-351 More about this Journal
Abstract
Renewable energy sources has drawn considerable attention as clean energy sources because of changing public attitudes regarding greenhouse gas and fine dust. Recently, in this respect, the government provides the drivers of electric vehicles with various benefits such as tax reduction, financial incentives and free parking from the public to the private sector. Plug-in electric vehicles are the most common in the private sector. Otherwise, different types of battery-based buses in the public sector are being developed, and there are three main types of charging: plug-in, battery swapping and wireless. Therefore, economic assessment of charging types in each bus route is required in order to facilitate the use of battery-based buses instead of the existing CNG buses. In this paper, net present value(NPV) and B/C ratio of charging types are evaluated in consideration of the bus schedule, the cost of charging station, and the life cycle of battery, etc. per each bus route. In case study, main bus routes in Daegu City are simulated with the proposed evaluation method to validate the eco-bus project.
Keywords
CNG bus; Electric vehicle; Plug-in; Battery swapping; Wireless charging; NPV; B/C ratio;
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