Chen, J, Chen, H orcid.org/0000-0003-0753-7735, Gao, J et al. (2 more authors) (2021) Business models and cost analysis of automated valet parking and shared autonomous vehicles assisted by internet of things. Proceedings of the Institution of Mechanical Engineers, Part D: Journal of Automobile Engineering. ISSN 0954-4070
Abstract
With the rapid development of autonomous vehicles, it is necessary to explore new business opportunities, especially under the assistance of internet of things, which accelerate the penetration in vehicle markets. Automated valet parking and shared autonomous vehicles will be the most active cases promoted by autonomous driving. In this paper, the business models of automated valet parking and shared autonomous vehicles were proposed, further, the cost structures of autonomous vehicles under two cases were investigated from points of car users and owners. In the business models, autonomous driving packages, internet of things devices, and service provider companies are considered as new stakeholders. The cost structure of automated valet parking users changes greatly, with the development of autonomous driving packages whose cost share decreases from ~60% to ~5%. The total cost of automated valet parking users is much higher than conventional parking before 2024. Additionally, the use of shared vehicles relieves financial burden, without trouble of periodical maintenance. For station-based and free-floating car sharing, the price drop of autonomous driving package brings about huge benefits for companies. Peer-to-peer car sharing business effectively decreases financial burden of car owners such that the decrease is less than 20% starting from 2017.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | ©IMechE 2021. This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages (https://us.sagepub.com/en-us/nam/open-access-at-sage). |
Keywords: | Autonomous vehicle, internet of things, business models, cost structure, automated valet parking, shared autonomous vehicles |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Spatial Modelling and Dynamics (Leeds) |
Funding Information: | Funder Grant number EU - European Union 731993 EU - European Union 815098 |
Depositing User: | Symplectic Publications |
Date Deposited: | 10 Mar 2021 09:44 |
Last Modified: | 25 Jun 2023 22:36 |
Status: | Published online |
Publisher: | SAGE Publications |
Identification Number: | 10.1177/0954407021994445 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:171929 |