Home
Market Insights
Knowledge Center
What total cost of ownership (TCO) considerations should fleets evaluate?
Fleets compare acquisition costs, fuel or energy expenses, maintenance, residual values and downtime. While ZEVs often have higher purchase prices, fuel and maintenance savings can offset those costs over time. Incentives and infrastructure availability also influence TCO. Most importantly, trucks are tools, purchased to perform a job to support the businesses that utilize them. The total cost of ownership needs to make sense for a fleet to make an investment.