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SWEDEN, 25 October 2022: To assist customers in making fact-based decisions regarding the business impact of buying and operating battery-electric trucks with zero tailpipe emissions, Volvo Trucks North America has launched a new electromobility total cost of ownership (TCO) tool.
Total cost of ownership (TCO) tool
The TCO tool is a component of Volvo Trucks’ concierge approach to electromobility, which includes assisting clients in implementing solutions that meet economic as well as environmental, social, and governance goals. The TCO tool is currently accessible for Volvo Trucks certified EV dealerships throughout North America.
The total cost of ownership (TCO) of operating a commercial vehicle must take into account a variety of fixed and variable expenses incurred over the course of the vehicle’s lifetime, including the cost of the vehicle’s acquisition, upkeep, fuel, financing, tax credits, and other expenses.
Through the TCO tool, potential electric adopters can get a clearer sense of the overall picture, enabling them to make better long-term purchase decisions that support the choice to switch to transportation options with no tailpipe emissions.
The TCO tool gives fleets an accurate projection and comparison of the lifetime costs of battery-electric trucks and their diesel counterparts after taking into account all of these variables, including costs for repairs and maintenance, the current cost of diesel fuel and electricity, and the estimated cost to buy and install fueling or charging infrastructure.
Zero-tailpipe emission vehicles
The tool demonstrates to consumers how local, state, and federal incentives on trucks and charging infrastructure can affect the long-term TCO through its several exclusive features.
The purchase of a battery-electric truck can be even more advantageous for clients in places like California where significant funding and incentives are available for zero-tailpipe emission vehicles due to lower upfront purchasing expenses.
Electromobility solution
The sales staff at Volvo Trucks authorised EV dealerships make use of the TCO tool to make sure that customers are expertly guided through the decision-making process for investing in and switching to electromobility solutions.
Customers will be considerably better equipped to assess the necessary data prior to embarking on the electromobility journey with a wide collection of tools, including TCO, route-planning, and linked technology capabilities. The TCO tool will also show customers the predicted potential CO2 reductions that may be achieved by switching to Volvo VNR Electric trucks by utilising the specifics of each fleet’s operations.
Comment
Peter Voorhoeve, president of Volvo Trucks North America, said “When evaluating the investment of deploying a truck into your fleet, the purchase price is only one factor. While battery-electric trucks currently require a higher up-front purchasing investment than traditional diesel trucks, customers can benefit from available funding and incentive programs.”
