EG7323 Cost Engineering

The four possible topics for the coursework are given below. The points given are expected to be explained and discussed in the report. 3.1Study on cost reduction in Electric Car development
Identify the cost drivers for electriccar development and production.
Discuss the reasons whyelectric cars in the market are still expensive.
Utilize the SEER hardware to help in the product cost development and production estimation.
Compare product development cost in UK and another country of your choice.
Validate the cost models and present the schedule of the product development. Product launch can be planned for 2025.
Perform life cycle cost analysis of electric cars in UK.•Identify the avenues for cost reduction in the electric car development.
Any assumptions made for SEER modelling must be justifiedin the repo