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.
Electric Models: Depreciation Still Drags Down Ownership Costs
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.