Electrification gaining momentum in fleet vehicle industry – Charged EVs
Baua Electric
FEBRUARY 29, 2024
Lower Total Cost of Ownership Driving Adoption The shift toward EVs is also influencing ownership costs. According to McKinsey & Company , the total cost of ownership (TCO) for battery electric vehicles (BEVs) is projected to outperform internal combustion engine (ICE) vehicles across all classes by as soon as 2025.
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