Although fewer EVs this year beat gas cars on total cost, most still win on fuel, maintenance, and emissions reductions.
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On Nov. 7 in San Diego, join Lanelle Duke of Utilimarc to explore the differences between EVs and their internal combustion engine equivalents in a fleet setting.
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When creating a cost analysis for EVs, many more variables — including non-vehicle-related expenses — must be considered. How do they stack up to ICE vehicles then?
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Fleet Advantage’s new electric vehicle lifecycle cost analysis tool aims to help further identify and optimize the total cost of ownership for fleets to determine the efficacy of utilizing electric vehicles.
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After a few months of moderation, fleet ownership costs are rising in the pickup and SUV segments.
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Vincentric’s analysis of ownership data found that 14 of 27 EVs had lower total cost of ownership over five years than their gasoline counterparts.
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The push to accurately quantify the costs of an EV fleet will depend on line items both fixed and variable, with some yet to be standardized.
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Vincentric enhances it's Cost of Ownership API offerings with electric vehicle data for model years 2020-2023 with about 350 BEV and PHEV configurations in the U.S. and Canada.
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Growth in 2022 and 2023 will be driven by utility and light-duty trucks, such as vans in the U.K. and pickup trucks in the U.S.
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The EV market has totally evolved in the last decade and will continue to change as EVs become more affordable, longer lasting, and more efficient.
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