The higher price of electric vehicles is offset by about five years.

The higher price with electric vehicles compared to a traditional can be compensated in a period of between five and nine years, as evidenced by the joint assessment of the key of electric mobility conducted by business school IESE and Seat car company.

Thus, 60 students have participated in IESE for the past three months on the project e-mobility Seat Project , which have examined the effects of electro in the value chain of the automotive industry and assessed the possible scenarios in developing this type of mobility in Spain.

The teams have discussed issues such as available infrastructure would be needed, and the relationship between the most expensive electric cars in production and lower operating costs and wind energy as a source of combustion, among others.

Studies on the total cost of ownership of the electric car carried out under the ‘e-mobility Seat Project’ show that the initial cost for this type of electric vehicle in front of a conventional one can be compensated up to nine years through savings in energy expenditure by more efficient propulsion systems.

The payback period depends to a large extent on the development of oil prices and taxes, as well as reducing the cost of the most expensive components of electric cars, such as lithium ion batteries or the propulsion system.

Also, the project shows that the current support to encourage the purchase of such electric cars are "not sufficient" and points that need a business model for Spanish companies and invest more in R & D.

According to the findings of the students, 70% of daily trips are made in Spain can be covered by the current electric cars, although they note that improvements are needed in the infrastructure network for optimal development of electric mobility.

In this sense, this project aims to sustainable energy initiatives must be aligned with the implementation of electric mobility in Spain, as a key to reduce energy dependence.

In this way, students consider that strategic alliances between the relevant industrial partners and the role of Public Administration are "the best way for the development of e-mobility."

By José Santamarta,