Abstract
Climate change and the associated possibility of ecosystem destruction have prompted policymakers to focus on green and sustainable alternatives. The transport sector is a significant contributor to greenhouse gas emissions and other pollutants. An electricity-based public transport system could be a possible solution to these issues. Many studies have highlighted the structure and components of the E-bus-based transit system; however, these studies lack a systematic analysis of the economic rationale of the same. This study aims to present a thorough economic analysis of the aforementioned transportation system. The E-bus-based transit system contributes to lowering harmful emissions and helps promote the use of renewable energy sources. The analysis in this work considers different combinations of such sources. The results of the analysis demonstrate that, given the current cost situation, the capital cost of an electric-based transit system is higher than its operating cost. Additionally, the lifetime (10 years) cost of an electric-based transit system can be reduced with the use of renewable energy sources.
•The work presents economic analysis of E-bus based transit system for Indian cities.•The work considers different types of E-bus based transit system which are working or are in project phase.•The cost analysis is then compared based on the total cost of ownership.•The results show that though the CAPEX of E-buses is higher than the diesel buses, the OPEX on the other hand is much lower.