Economic Analysis Based on the Interrelationships of the OLEV System Components

Due to excessive endeavor to reduce greenhouse gas caused by internal combustion engine-powered vehicles, battery-powered electric vehicles (EV) are arising as a solution. However, EV possess numerous limitations, such as short travel distance and long charging time. The On-Line Electric Vehicle (OLEV) is developed to overcome the limitations that the current generations of the EV have. The OLEV is battery-powered electric vehicle which can be charged wirelessly from the transmitter embedded under the road. The cost of the OLEV system is dependent on battery capacity, pickup capacity and cable length. To investigate the key factors of optimizing the cost of OLEV system, it is necessary to know the interrelations among above three main variables. This paper derives the cost function of the OLEV system, considering the three main components, such as battery, pickup and power cable. Also, it shows the change of the vehicle cost and infra cost with varying the capacity or length of OLEV system´s components.