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The switch to electric vehicles (EVs) has been incentivised by governments all over the world to reduce the use of fossil fuels and improve air quality. However, whether such a move could effectively lower the levels of pollutants as much as expected is still controversial. This study estimates the impact values of exhaust and non-exhaust emissions emitted from internal combustion engine vehicles (ICEVs) and their equivalent EVs from an economic-environmental perspective, expressed as monetary impact values, so as to ascertain the environmental effect of the switch to equivalent EVs from ICEVs. These monetary impact values were calculated according to the emission factors and damage costs of these pollutants. The results indicate that the particulate matter (PM) monetary impact values of equivalent EVs may exceed those of ICEVs, which depends primarily on the extent of regenerative braking and road type …