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Comparitive Life Cycle Costing for of a Gasoline and a Hybrid Car

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COMPARITIVE LIFE CYCLE COSTING FOR OF A GASOLINE AND A HYBRID CAR Digvesh khot , Narendran Neelagandan ABSTRACT The depletion of the fossil fuels is emerging as a concern for the whole world. The major sources for the consumption of this fossil fuel are our vehicles that use much of the oil for their operation. The need has been felt to devise the alternative fuel for our vehicles which should be the sustainable option so that it does not contribute to the environmental impacts rigorously. The objective of the comparative analysis is to know the feasibility of the hybrid car against the petrol car. The procedure adopted for the comparative analysis is to do life cycle costing of both the engines by considering the cost, benefits, …show more content…

The second objective was to develop the weight scoring model for both types of cars to analyze them on the grounds of safety, comfort, emissions, and incentives. Life cycle model for both the cars were developed using the cost components like depreciation, fees and taxes, finance, fuel, insurance, maintenance , and repairs. All the data for these cost components for both types of engines were collected from the company websites and the EPA website. After the collection of these data, the life cycle cost model has been used for calculating the total life cycle cost for hybrid as well as petrol engines. The results were analyzed for both the alternatives and the conclusions were made. Weight scoring model was also developed for the comparative analysis which included the components like safety, comfort, emissions, and the incentives. The relative weights for these components were assigned according to the priorities from the consumer point of view. The rating points were also assigned and both the cars were rated according to the aforesaid components. The sources for the data were the company websites and the EPA websites for the emission data was also cited. The results of the Weight scoring model were then analyzed and the final conclusions were made. The comparative study for both the cars revealed that

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