Europe Heavy, Medium, and Light Duty Trucks Life Cycle and Total Cost of Ownership (TCO) Analysis 2021 - Lower Total Cost of Ownership to Expedite Adoption of Alternate Powertrains
March 09, 2021 07:23 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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During the 15-year lifetime of a truck, the total cost of ownership is lowest for battery-electric trucks, followed by natural gas and diesel powertrains across light, medium, and heavy-duty segments. As the truck gets older, maintenance cost increases with a decrease in mileage, resulting in increasing total cost of ownership (TCO) per mile.
Miles travelled is a big factor for battery-electric trucks to achieve TCO parity with diesel and natural gas trucks, with higher miles travelled achieving TCO parity faster. Battery electric also depreciate faster than diesel and natural gas trucks, however, during the lifetime, with a