A lifecycle analysis by Vincentric found that total cost of ownership (TCO) for electric vehicles underperforms plug-in hybrid electric and traditional hybrid model counterparts. Running EVs more miles per year has a substantive positive impact on TCO.
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With electricity rate fluctuations of up to 200% daily, its essential for fleets to view their local utilities as partners and engage them before placing an order for the first electric vehicles.
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Eric Foellmer says XL's plan is to continue supplementing the electrification strategy of the OEMs, which includes its present hybrid and plug-in hybrid systems and eventually an all-electric system.
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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.
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