Q. How should I measure an EV’s total cost of ownership?
Determining the total cost of ownership (TCO) of any vehicle in your fleet is critical for understanding its financial impact. So what does this entail for electric vehicles?
Sponsored by 
A. There have been significant improvements with electric vehicles over the last couple of years, however not all fleet vehicles are currently suitable for electrification.
If you are looking to add EVs to your fleet you need to consider a number of factors, such as daily driving distances, carrying capacity and dwell times. This will determine if the available models have sufficient range to complete a vehicle’s duty cycle and if the financial savings from the lower operating costs outweighs the higher acquisition cost.
Some fleet types are more suited than others – for example last-mile delivery. With high utilization and well established routes, many leaders within this sector have fully embraced EVs.
The best way to determine if an EV is right for your application is by reviewing your data. If you are unsure where to begin feel free to reach out to us.
Vice President, Sustainability Solutions at Geotab
Sponsored by
Determining the total cost of ownership (TCO) of any vehicle in your fleet is critical for understanding its financial impact. So what does this entail for electric vehicles?
Temperature is one of the more noticeable conditions and it is the one most likely to vary throughout the year...
Planning out charging infrastructure can be one of the more daunting tasks in your EV adoption strategy, but it doesn’t need to be...
Allowing employees to take a company EV home has many benefits, for both the individual and company...
For every metric you would use to measure the performance of the internal combustion engine (ICE) vehicles in your fleet there will be an equivalent one for EVs...
There are some slight differences when operating EVs that drivers should be aware of...
The decision between battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) comes down to...
Adding EVs to your fleet requires planning and how long it takes will differ depending on each fleet’s unique situation...
Electric vehicles have improved a lot over the last few years, specifically when it comes to their range capabilities...
EVs present a number of opportunities to improve your fleet. In the right applications, they have a substantially lower total cost of ownership (TCO) than gas and diesel vehicles...
Fleets should start investigating electric vehicles as soon as possible since transitioning to EVs won’t happen overnight...
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In