Table of Contents
ABSTRACT ..................................................................................................................................................................................... II
ACKNOWLEDGEMENTS ............................................................................................................................................................ IV
TABLE OF CONTENTS ............................................................................................................................................................... VI
TABLE OF FIGURES ................................................................................................................................................................. VIII
TABLE OF TABLES ..................................................................................................................................................................... IX
CHAPTER 1 INTRODUCTION.................................................................................................................................................... 1
1.1 BACKGROUND ...............................................................................................................................................................................................1
1.2 CHINA’S CHANGING TRANSPORTATION LANDSCAPE: 1996 VS. 2006 VS 2016 .............................................................................3
1.3 LSVS AROUND THE WORLD ........................................................................................................................................................................5
1.4 RESEARCH QUESTIONS ................................................................................................................................................................................8
CHAPTER 2 MARKET OVERVIEW ................................................................................................................................. 11
2.1 DEFINITIONS AND CLASSIFICATIONS ..................................................................................................................................................... 12
2.2 LOW-SPEED VEHICLE MARKETS ............................................................................................................................................................. 14
2.2.1 Electric two-wheelers................................................................................................................................................................ 15
2.2.2 Gasoline motorcycles ................................................................................................................................................................. 18
2.2.3 Chinese rural vehicles .............................................................................................................................................................. 21
2.2.4 Low-speed electric vehicles..................................................................................................................................................... 24
2.3 RELATED POLICIES .................................................................................................................................................................................... 33
2.3.1 E2W policies .................................................................................................................................................................................. 34
2.3.2 G2W policies .................................................................................................................................................................................. 34
2.3.3 CRV policies ................................................................................................................................................................................... 35
2.3.4 LSEV policies ................................................................................................................................................................................. 35
CHAPTER 3 VEHICLE TRAVEL INTENSITY ANALYSIS .................................................................................................. 39
3.1 OVERVIEW OF EXISTING STUDIES ........................................................................................................................................................... 40
3.2 LSEV DATA ................................................................................................................................................................................................ 43
3.2.1 Data acquisition and source................................................................................................................................................... 43
3.2.2 Feature engineering .................................................................................................................................................................. 46
3.3 ANALYSIS OF LSEV BEHAVIORS ............................................................................................................................................................. 48
3.4 DISCUSSION AND CONCLUSION ............................................................................................................................................................... 55
CHAPTER 4 TOTAL COST OF OWNERSHIP ANALYSIS ................................................................................................. 58
4.1 METHODOLOGY AND ASSUMPTIONS ...................................................................................................................................................... 60
4.1.1 Mobility options ........................................................................................................................................................................... 60
4.1.2 Driving profiles ............................................................................................................................................................................ 62
4.1.3 Methodology ................................................................................................................................................................................. 63
4.2 COST COMPONENTS ANALYSIS ................................................................................................................................................................ 66
4.2.1 Vehicle MSRPs and related tax .............................................................................................................................................. 66
4.2.2 Subsidy policies ............................................................................................................................................................................ 70
4.2.3 Fuel cost .......................................................................................................................................................................................... 74
4.2.4 Non-fuel O&M cost ...................................................................................................................................................................... 76
4.2.5 Battery cost and lifetime.......................................................................................................................................................... 79
4.2.6 Vehicle lifetime ............................................................................................................................................................................. 82
4.3 RESULTS ...................................................................................................................................................................................................... 83
4.3.1 Total cost of ownership analysis .......................................................................................................................................... 83
4.3.2 Sensitivity analysis ..................................................................................................................................................................... 87
4.4 CONCLUSION .............................................................................................................................................................................................. 92