A Financial Feasibility Study of the Investment for Converting Deisel Small Pick-up Truck into Battery Electric Vehicle (BEVs) for Public Transport Service
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Abstract
This study aims to investigate the financial feasibility of the investment for converting diesel small pick-up-truck into battery electricity vehicle for public transport service. Secondary data and information from various sources were collected and set up the assumptions and calculate the financial feasibility indicators, which were net present value (NPV), the benefit-cost ratio (BC ratio), internal rate of returns (IRR) and playback period (PB) based on a project lifespan of 10 years.
This study defined project’s revenue was based on the public transport service with flat rate fare options including 5 THB, 8 THB, and 10 THB per trip. The maximum daily passenger volume was set up at 150, 200 and 250 person-trip for vehicles equipped with a 60-kWh battery and 200, 250 and 300 person-trip for vehicles equipped with 75-kWh battery.
Result showed that the Lithium-ion battery cost represents the highest proportion of conversion cost, meanwhile, electricity charging cost and labor cost were the two majors of operating cost. Financial feasibility indicates that fare per-trip, maximum daily passenger volume, range of distance service governed by battery size and government subsidies played the crucial role for the financial viability.
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