The economics of public transport electrification: When does infrastructure investment matter?

Document Type

Journal Article

Publication Date

2024

Subject Area

mode - bus, place - australasia, place - urban, technology - alternative fuels, infrastructure - vehicle, infrastructure - maintainance, infrastructure - fleet management, operations - scheduling, economics

Keywords

Public transport electrification, Charging requirements, Network augmentation, Backup power, Transportation policy

Abstract

This paper examines the economic and policy implications of the charging, network and auxiliary infrastructure required for a fully electrified metropolitan Melbourne bus network using overnight depot charging. We introduce the concept of minimum and maximum fleet charging capacities, as well as a charging infrastructure augmented total cost of ownership that is faced by bus fleet owners. Our analysis provides policy makers with a range of viable fleet charging capacities and a cost component breakdown of public bus fleet electrification using battery electric vehicles. We find that a minimum of half the fleet's rated charging capacity is needed to maintain operation, which provides a lower bound for network and charging infrastructure costs. Considering the augmented total cost of ownership (per km), charging, network and auxiliary infrastructure costs contribute 10–19%. A gradual transition to battery electric buses over 12 years yields further TCO savings of between 4.6 and 5%. We recommend streamlining the network augmentation process to reduce uncertainty and project delays.

Rights

Permission to publish the abstract has been given by Elsevier, copyright remains with them.

Comments

Applied Energy Home Page:

http://www.sciencedirect.com/science/journal/03062619

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