Fleet Advantage is introducing a tool to help fleets analyis electric-vehicle life cycle costs. EVAN (Electric Vehicle Analytic Navigator) is designed to help private corporate fleets identify and optimize total cost of ownership (TCO) to determine whether electric vehicles make sense in a particular operation.

EVAN plays a role in bridging today’s clean-diesel technology into tomorrow’s alternate fuel options, according to the announcement.

As part of Fleet Advantage’s Fleet Modernization Study, the analytic tool compares diesel versus an electric Class 8 vehicle TCO, with modeling that evaluates fuel and mileage data versus kWh comparisons from the first year through a six-year life cycle. 

EVAN takes into consideration various inputs, including equipment cost, charging, cost of energy, cost of diesel, grants, tires, and depreciation, and converts them into a cost-per-mile (CPM) to determine the total cost of operating an electric vehicle over its lifetime, allowing fleets to make an informed decision about which type of vehicle is more cost-effective for their fleet. 

Fleet Advantage pointed out that the Environmental Protection Agency recently proposed a new and stronger set of greenhouse gas standards for heavy-duty vehicles for model years 2027 through 2032, building from the “Phase 2” greenhouse gas standards established in 2016. This latest proposal comes on the heels of a NOx emissions rule finalized in December, along with a California waiver mandating sale of electric trucks.