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For one, despite the headlines to the contrary EV sales have been growing. It's just that EV inventory has been growing as well as production scales up. We have
by stetrain 3y ago
For one, despite the headlines to the contrary EV sales have been growing. It's just that EV inventory has been growing as well as production scales up. We have flipped from COVID scarcity to a world where dealers and automakers need to put the legwork in to sell EVs like they do other vehicles.
For another, I think the TCO benefits of EVs will be noticed first by organizations that make these kinds of purchasing decisions based on spreadsheet budgeting. Doing the math on a more expensive EV vs fuel savings over a long term purchase is a bit harder for a consumer. The more expensive vehicle might make it hard to get financing, or cost you more interest. If you don't put a ton of miles on your vehicle, the savings may not add up as quickly.
For a fleet vehicle purchaser and operator, the miles, fuel costs, and potential savings are all fairly easy to calculate. A police department can run the math on gas and oil changes and figure out pretty quickly whether a bit more spent for an EV or PHEV will pay itself back.
- Gibbon1 3y agoThis is absolutely correct. Anytime you get an accountant involved they calculate total operating costs and use those numbers. Another thing about fleet operators especially government ones is they get vendor financing at very low rates. So capital cost just becomes another monthly number. Most people don't do that when they chose to buy a car but they absolutely should. Because the capital cost of ownership is only something like 30% of the total cost or owning a vehicle. And the other costs vary wildly between models.