Abstract
With the rapid increasing of motor stock in China, the pressure from climate changing and energy safety is more pressing and the GHG emission and fuel efficiency regulation are more rigid to initiate the electrification of the transportation. Despite the rapid progress currently being made in the global electric vehicle technologies, substantial barriers to widespread vehicle adoption still exist, such as higher price, inconvenience charging, limited range, battery environmental issues etc. In this paper, an innovative business model of battery leasing is provided and its commercial potential is analyzed as well. The new business model will pave the way for the EV rolling out in China.
Highlights
Electric vehicles (EVs) have gained more and more attention, especially in the context of growing concerns about global warming and energy security aspects with road transport
The new business model different from the conventional vehicle (CV) industry can be the solution for EVs mass penetration in China
By comprehensive calculation and analysis, it can be concluded: (1) The provided innovative EV business model is crucial to lead the battery large scale production resulting in the battery cost dropping sharply
Summary
Electric vehicles (EVs) have gained more and more attention, especially in the context of growing concerns about global warming and energy security aspects with road transport. EVs offered significant improvement in fuel economy, potential environmental benefits and decreased reliance on petroleum. With the breakthrough of battery technologies, lithium-ion EVs are on the verge of commercial viability and mass-production
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