Although fewer EVs this year beat gas cars on total cost, most still win on fuel, maintenance, and emissions reductions.
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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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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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Kelley Blue Book will deliver a comprehensive overview of the electric vehicle market, while Vincentric will present total cost of ownership (TCO) data for available electric models.
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With reasonable duty cycles, electric vehicles can work for fleet — and they return favorable overall ownership costs.
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