VivoPower International PLC releases white paper exploring total cost of ownership of electric light commercial vehicles

VivoPower International PLC, an international provider of turnkey decarbonization solutions to industry, today released a white paper entitled “Assessing Total Cost of Ownership of Electric Light Commercial Vehicles,” which provides a framework for owners of commercial light vehicle fleets to evaluate the total cost of ownership (“TCO”) of converting to a fleet of electric light commercial vehicles.

The light commercial vehicle fleet segment is one of the largest and fastest growing in the fleet market, with the majority of those vehicles running on diesel fuel. Studies have shown that diesel vehicles have the greatest adverse effects on the environment per ton transported of any vehicle class.

Through its wholly-owned subsidiary, Tembo e-LV B.V. (“Tembo”), VivoPower provides solutions for converting standard diesel-powered light vehicles to fully electric, zero-emissions electric light vehicles (“e-LVs”). Tembo e-LVs are specially engineered for use in mining and other hard-to-decarbonize sectors, including construction and defense. Alongside solar generation, battery storage and on-site power distribution, Tembo e-LV products are a key component of VivoPower’s turnkey net-zero solutions for corporate decarbonization.

VivoPower’s white paper examines the TCO involved in switching to a fleet of electrified light commercial vehicles. It also looks at key factors that business owners need to consider before converting.

Importantly, the white paper is a living document that VivoPower will continually update as new data and technology become available.

“Each corporate fleet customer will be different in terms of the above and hence the TCO equation will vary for each potential application,” said Matt Davis, VivoPower’s Managing Director for Australia. “However, given declining battery costs, improving technology that is extending the life and warranty period of batteries, as well as supportive government policies, we believe that the TCO equation is now positive for most commercial fleet owners.”