VivoPower, an international provider of turnkey decarbonisation solutions to industry, today released a white paper entitled “Assessing Total Cost of Ownership of Electric Light Commercial Vehicles,” which provides a framework for owners of commercial light vehicle fleets to evaluate the total cost of ownership (“TCO”) of converting to a fleet of electric light commercial vehicles.
The light commercial vehicle fleet segment is one of the largest and fastest growing in the fleet market, with the majority of those vehicles running on diesel fuel. Studies have shown that diesel vehicles have the greatest adverse effects on the environment per ton transported of any vehicle class.
Through its wholly-owned subsidiary, Tembo e-LV B.V., VivoPower provides solutions for converting standard diesel-powered light vehicles to fully electric, zero-emissions electric light vehicles or e-LVs. Tembo e-LVs are specially engineered for use in mining and other hard-to-decarbonise sectors, including construction and defense. Alongside solar generation, battery storage and on-site power distribution, Tembo e-LV products are a key component of VivoPower’s turnkey net-zero solutions for corporate decarbonisation.
VivoPower’s white paper examines the TCO involved in switching to a fleet of electrified light commercial vehicles. It also looks at key factors that business owners need to consider before converting.
Importantly, the white paper is a living document that VivoPower will continually update as new data and technology become available.
“Overall, the economics of converting to an electrified light commercial vehicle fleet vary by business and use case,” said Matt Davis, VivoPower’s Managing Director for Australia. “However, as technology continues to improve, battery prices continue to decline, and governmental policy increasingly incentivises electric vehicles, more and more fleet owners are likely to find that electrification is not just the best solution for the environment, but also for their bottom lines.”
“Assessing Total Cost of Ownership of Electric Light Commercial Vehicles” is available for download in its entirety at https://vivopower.com/white-papers/.