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Learn how calculating total cost of ownership for electric vehicles is vital to the success of your business and determining if EVs are a cost-effective replacement.
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The police department in Westport, Conn. fleeted a Tesla Model 3 fully tricked out for law enforcement. This analysis breaks down costs — including patrol car-specific customizations — compared to the department's mainstay SUV model.
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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.
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The most difficult part of implementing fleet telematics is making the case for it to company leadership. Focus on potential ROI to make the decision a no-brainer.
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Nearly half of fleets concerned about budget cuts guesstimated cuts would be more than 10%. Another 37% of respondents expected budget cuts of varying percentages.
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Highlights of the survey include analysis on the impact of acquisition volume, total cost of ownership (TCO), impact on fleet budget and expenses, and other key areas essential to fleet.
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Vincentric analyzed 36 different vehicle categories to identify the vehicle within each category that had the lowest fleet lifecycle cost.
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The top blog posts of the year included five test drives, as did posts arguing for short-cycling, rethinking the total cost of ownership equation, and improving maintenance management.
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With the cost of fuel representing 60% of the total fleet budget, fleet managers are looking for opportunities to reduce expenditures ranging from rightsizing, route optimization, telematics, personal use, and modifying driver behavior.
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The commercial fleet market wants EVs as evidenced by the increased number of national fleets that are adding low- or zero-emission equipment requirements into RFPs.
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