Environmental impact and cost study of vehicles
Year: 2024
Type: article
Abstract: In the traditional automobile industry, which was dominant from the mid-20th century to the early 21st century, the nitrogen oxides produced by auto mobile exhaust would pollute the air. After entering the 21st century, with lithium batteries as the representative, the energy density of energy storage units has rapidly increased, solving the endurance problem that has plagued the electric vehicle industry for nearly a century. The development path of electric vehicles has become wider and gradually become mainstream products in the market. This paper explores the environmental impact of transitioning from partial to complete tram usage in an urban area with a population of at least 500,000. Initially, this paper calculates the Ecological Evaluation Index to compare the environmental effects of the two types of vehicles. Subsequently, introducing four variables to set the entire model in motion, aiming to predict the environmental conditions of the urban area when entirely reliant on tram services. Furthermore, this paper considers the realistic financial issues that need to be faced and build a model for the financial impact that the transition to pure electric buses will soon bring. The excessive costs and potential external funds caused by the transition, which will affect the final ten-year transformation plan for the city. Finally, this transit company has successfully achieved an operational income of up to 13.3 billion over the past decade even in the absence of government subsidies. This underscores the robust foundation of its financial operations and economic sustainability, providing reliable financial support for future electric bus procurement and maintenance.
Source: Theoretical and Natural Science
Author: Ruicheng Liang
Institution: Beijing National Day School
Language: English
Subfield: Electrical and Electronic Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4404366581