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Economics > General Economics

Title: A Comparative Study of Electric, Internal Combustion Engine, and Hybrid Vehicles

Abstract: Electric vehicles (EVs) are increasingly becoming popular as a viable means of transportation for the future. The use of EVs may help in providing better climatic conditions in urban areas with a pocket friendly cost for transportation to the consumers throughout its life. EVs enact as a boon to the society by providing zero tailpipe emissions, better comfort, low lifecycle cost and higher connectivity. The article aims to provide scientific information throughout the literature across various aspects of EVs in their lifetime and thus, assist the scholarly community and various organisations to understand the impact of EVs. In this study we have gathered information from the articles published in SCOPUS database and through grey literature with the focus of information post 2009. We have also used a hybrid methodology using Best-Worst Method (BWM) and technique for order preference by similarity to ideal solution (TOPSIS) for comparing EVs, internal combustion engine vehicles (ICEVs) and hybrid vehicles in various price segments. The study has helped us conclude that EVs should be preferred over ICEVs and hybrids by the users.
Comments: 25 pages, 3 figures, 3 tables
Subjects: General Economics (econ.GN)
Cite as: arXiv:2404.11705 [econ.GN]
  (or arXiv:2404.11705v2 [econ.GN] for this version)

Submission history

From: Tushar Gahlaut Mr. [view email]
[v1] Wed, 17 Apr 2024 19:16:18 GMT (1283kb)
[v2] Mon, 22 Apr 2024 19:54:03 GMT (1282kb)

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