Factors affecting the market dynamics of lithium-ion battery for electric mobility: a system dynamics perspective
dc.contributor.author | Bhanu, P | |
dc.contributor.author | Mohan, TVK | |
dc.contributor.author | Amit, RK | |
dc.contributor.author | Shankar, V | |
dc.date.accessioned | 2024-08-09T08:01:03Z | |
dc.date.issued | 2022-12-05 | |
dc.date.updated | 2024-08-08T15:16:50Z | |
dc.description.abstract | As an electrical vehicle (EV) power source, a lithium-ion battery (LIB) is essential in enabling electric mobility growth. However, the high LIB cost, evolving LIB electrode chemistry, and EV range anxiety limit LIBs' market growth. In this paper, we present a system dynamics model to analyse the interrelationship between battery capacity (Battery OEMs), battery electrode composition, range anxiety (EV owners), subsidy (Government), and their effect on LIB cost (per kWh) and market demand. Our study shows that range anxiety's impact on EV sales diminishes with average battery capacity increment. Higher LIB subsidy and low raw materials costs (based on battery capacity and LIB electrode composition) will result in higher LIB demand. We observe that LIB demand increases even when no subsidy exists. Our study will help the government and the industry to contextualise the subsidy policy and marketing strategies for LIBs for different consumer segments. | en_GB |
dc.format.extent | 428-445 | |
dc.identifier.citation | Vol. 18 (3), pp. 428-445 | en_GB |
dc.identifier.doi | https://doi.org/10.1080/17477778.2022.2150578 | |
dc.identifier.uri | http://hdl.handle.net/10871/137095 | |
dc.language.iso | en | en_GB |
dc.publisher | Informa UK Limited | en_GB |
dc.rights | © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. | en_GB |
dc.subject | Electric vehicle | en_GB |
dc.subject | Lithium-Ion battery | en_GB |
dc.subject | Battery capacity | en_GB |
dc.subject | System dynamics | en_GB |
dc.title | Factors affecting the market dynamics of lithium-ion battery for electric mobility: a system dynamics perspective | en_GB |
dc.type | Article | en_GB |
dc.date.available | 2024-08-09T08:01:03Z | |
dc.identifier.issn | 1747-7778 | |
dc.description | This is the final version. Available from Informa UK Limited via the DOI in this record. | en_GB |
dc.identifier.eissn | 1747-7786 | |
dc.identifier.journal | Journal of Simulation | en_GB |
dc.relation.ispartof | Journal of Simulation, 18(3) | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | en_GB |
dcterms.dateAccepted | 2022-11-08 | |
rioxxterms.version | VoR | en_GB |
rioxxterms.licenseref.startdate | 2022-12-05 | |
rioxxterms.type | Journal Article/Review | en_GB |
refterms.dateFCD | 2024-08-09T07:53:01Z | |
refterms.versionFCD | VoR | |
refterms.dateFOA | 2024-08-09T08:02:13Z | |
refterms.panel | C | en_GB |
refterms.dateFirstOnline | 2022-12-05 |
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Except where otherwise noted, this item's licence is described as © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.