Optimizing the Total Cost of Ownership for Zero Emissions Vehicle Transitions
According to the North American Council for Freight Efficiency (NACFE), the Total Cost of Ownership (TCO) components of a Class 8 Battery Electric Vehicle (BEV) are, from highest to lowest: Labor, Vehicle cost, Fuel, Taxes and fees, maintenance and repair, insurance, payload, and financing. This makes sense. But many TCO calculators and consultants don't account for the labor component accurately, as it is signifcantly related to delivery network design and vehicle routing. In many instances we see that they use averages or historical telematics data that are deeply flawed as inputs to what the real customer-driven fleet requirements are throughout the course of a year.
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