Total Cost of Ownership
Total cost of ownership, or TCO, is a major factor in deciding to purchase a new truck. The TCO for electric trucks has yet to be determined. Run On Less – Electric fleets have seen improvements in operating efficiency and uptime. They expect EVs to have a longer in-service life – at least 10 years. Intangibles, like reducing driver fatigue, are another benefit. In the not-so-distant future, the TCO of an EV is going to be at parity or better than diesel.