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The Latest In Volvo Trucks
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Volvo Trucks North America has introduced a new electromobility total cost of ownership (TCO) tool to support customers to make fact-based decisions about the business impact of purchasing and operating zero-tailpipe emission battery-electric trucks. The TCO tool, now available for Volvo Trucks Certified Electric Vehicle (EV) Dealerships throughout North America, is part of Volvo Trucks’ concierge approach to electromobility, which includes helping customers implement solutions that achieve both economic and environmental, social, and governance (ESG) goals.
“When evaluating the investment of deploying a truck into your fleet, the purchase price is only one factor. While battery-electric trucks currently require a higher up-front purchasing investment than traditional diesel trucks, customers can benefit from available funding and incentive programs. Additionally, electric trucks eliminate many of the standard maintenance requirements compared to diesel trucks and offer managed charging costs, and the ability to make meaningful progress toward sustainability goals,” said Peter Voorhoeve, president, Volvo Trucks North America. “Our electromobility TCO tool helps customers to understand and evaluate the full impact of their fleet purchasing decisions.”
Evaluating the TCO of operating a commercial vehicle requires the consideration of multiple fixed and variable costs throughout the vehicle’s lifetime, including purchase price, maintenance, fueling, funding, tax credits, and other factors. Through the TCO tool, prospective electric adopters can see the bigger picture, allowing for better long-term purchasing decisions that help promote the decision to transition to zero-tailpipe emission transportation solutions. When all these factors are evaluated, the TCO tool provides fleets with a transparent projection and comparison of the lifetime cost between battery-electric trucks and their diesel counterparts — including costs for repairs and maintenance, the current price of diesel fuel and electricity, and the estimated cost to purchase and install fueling or charging infrastructure.
Through its many proprietary features, the tool shows customers how local, state, and federal incentives on trucks and charging infrastructure can impact the long-term TCO. In areas such as California, where significant funding and incentives are available for zero-tailpipe emission vehicles, the purchase of a battery-electric truck can be even more beneficial to customers due to reduced upfront purchasing costs.
The TCO tool is utilized by the sales teams at Volvo Trucks Certified EV Dealerships to ensure that customers are professionally guided through the decision-making process for investing and transitioning towards electromobility solution. With a diverse set of tools, including TCO, route-planning, and connected technology tools, it will be much more robust for customers to evaluate the necessary information before starting the electromobility journey. By leveraging the details about each fleet’s operations, the TCO tool will also show customers the projected potential CO2 reductions that can be achieved by adopting Volvo VNR Electric trucks.
To learn more about Volvo Trucks North America and the Volvo VNR Electric, visit the company website.
CAPTION: Volvo Trucks’ new electromobility total Cost of Ownership (TCO) tool helps customers to make fact-based projections and decisions about adopting zero-tailpipe emissions battery-electric vehicles by evaluating all of the parameters involved and the projected net result the customer can achieve from their investment.
Volvo Trucks North America, headquartered in Greensboro, North Carolina, is one of the leading heavy-duty truck manufacturers in North America. Its Uptime Services commitment is delivered by a network of nearly 400 authorized dealers across North America and the 24/7 Volvo Trucks Uptime Center. Every Volvo truck is assembled in the Volvo Trucks New River Valley manufacturing facility in Dublin, Virginia, which meets the internationally recognized ISO 9001 standard for quality, 14001 standard for environmental care and holds a dual ISO 50001/Superior Energy Performance certification at the platinum level, indicating a sustained excellence in energy management. Volvo Trucks North America provides complete transport solutions for its customers, offering a full range of diesel, alternative-fuel and all-electric vehicles, and is part of the Volvo Trucks global organization.
Volvo Trucks supplies complete transport solutions for discerning professional customers with its full range of medium- and heavy-duty trucks. Customer support is provided via a global network of dealers with 2,300 service points in about 130 countries. Volvo trucks are assembled in 12 countries across the globe. In 2022 approximately 145,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of the Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The group also provides complete solutions for financing and service. Volvo Trucks’ work is based on the core values of quality, safety and environmental care.