Electric vehicles may cost more upfront but then surpass their fossil-fueled counterparts in operational savings, according to findings from a predictive data analytics firm.
Total cost of ownership for electric vehicles (EVs) depend on up-front costs, maintenance and fuel costs, and resale value. Here’s what to consider when calculating TCO.
Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.
The City of Austin, Texas, expects that having 330 electrified vehicles will result in operational savings of $3.5 million over 10 years. Here's how.
Fleet managers often focus on controlling the biggest fixed operating costs for the acquisition of trucks and fuel. However, it’s the hidden costs that keep fleet managers from achieving their organization’s goals for efficiency and profitability. Renewable diesel is one option to help cut costs.
Included in this groundbreaking total cost of ownership study for fleets are battery-electric models including BMW i3, Chevrolet Bolt, Nissan Leaf, and Tesla 3, as well as plug-in hybrid electric models such as Chevrolet Volt and Hyundai Ioniq Plug-In Hybrid.
Dana has launched its total-cost-ownership calculator to help fleets and independent operators make cost comparisons between traditional diesel platforms and full-electric powertrain solutions.
Hennepin County, Minn., could reduce emissions and save money by downsizing and electrifying its light-duty fleet, a recent report found.
A truck’s total cost of ownership (TCO) covers a specific range of expense variables, regardless of the make or model. The four lifecycle categories that influence TCO are fixed costs, operating expenses, incidental costs, and depreciation/resale value. A key factor that drives these lifecycle categories is a vehicle’s service life.
If you want to provide added value to your company, you need to view fleet as a business and not simply an aggregation of assets to be managed cost-effectively. The fastest way to improve your bottom line is to increase fleet utilization, which increases the productivity of each individual truck.
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