Economic feasibility analysis of the new energy vehicles promoted in Wuhan city

This paper conducts a comparative analysis of whole life cycle costs of three coaches, namely fuel, hybrid and pure-electric bus, based on the actual data of Wuhan new energy vehicles demonstration operation. It also studies the fluctuation of economical efficiency on these three models of vehicle considered the expected technology advance and fuel price change. Meanwhile, the article constructs a model of popularizing new energy vehicle in Wuhan, resulting the applicable promoting phrases of hybrid and pure electric buses, which contributes to the scientifically popularizing new energy vehicles in Chinese cities.