Economic effect of implementing electric cars

Iceland is a country rich in both geothermal and hydroelectric resources but remains dependent upon foreign gasoline to supply its car fleet. Electric Vechicles (EVs) have been hailed as a cost-efficient solution for Icelanders due to relatively low domestic energy prices, but this paper finds that since EVs are generally more expensive to purchase than traditional cars the average consumer must drive for years before truly receiving the benefits of low refueling costs. The relatively higher list prices (and the fact that all Icelandic cars are imported) indicate that EV implementation today would contribute to a national trade deficit. The price difference for EVs would cause government tax income to decrease significantly over a period of an EVs suggested lifetime. Required infrastructure to accommodate the increased energy demands following EV implementation would be minimal.

Author dc:creator

• Jóhann Sigurðsson 1982-

Contributors dc:contributor

• Háskólinn í Reykjavík

• Fjármálaverkfræði
• Rafbílar
• Efnahagsmál
• Tækni- og verkfræðideild
• Meistaraprófsritgerðir
• Finance
• Electric vehicles
• School of Science and Engineering

Language dc:language.iso

en

Handle dc:identifier.uri

http://hdl.handle.net/1946/13374

OAI identifier oai:identifier

oai:skemman.is:1946/13374