The purpose of this white paper is to provide a framework for owners of light commercial 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 of the fleet market. Many of these fleets are diesel powered, which studies have shown have the most adverse environmental impact per ton transported of all vehicle classes.
In this white paper, we look at the key elements to consider in assessing TCO in relation to an electrified fleet of light commercial vehicles. It is important to note upfront that the composition and usage profile of every light commercial vehicle fleet is different and there is not a generic linear formula that can be applied to calculating TCO. Instead, the key to minimising TCO for a fleet of electric light commercial vehicles lies in the optimisation an array of variables.