EV Business Case

CAP's Green Fleets Business Case Series, 2020 - examines the procurement considerations, costs and benefits of municipal fleet electrification. The Report also presents three business cases for the purchase of electric vehicles and ice resurfacers, providing a step-by-step analysis of the total cost of ownership, and total emission reductions from electrification.

Saskatoon Green Fleet Busines Plan - City staff estimate it costs the city roughly $11,500 per year to fuel four combustion vehicles in their fleet. The four Chevy Bolts in the pilot are projected to cost $1,900 per year to charge, netting an overall $9,600 in savings. Calculations put together by the province's utility, SaskPower, demonstrate the potential savings between internal combustion engine vehicles and their electric counterparts. While the purchase cost for the Chevy Bolt is just over double the Chevy Cruz ICE equivalent, the yearly fuel savings show charging will cost $458 per year compared to $1,489 at the pump.

More general information:

The market for electric vehicles is rapidly expanding. In 2017, a new global sales record of over 1 million cars was reached. Over 5 million electric vehicles are now on the road worldwide.

Customer charging is good for customer engagement. Our EV100 members in the retail sector see charging facilities as an added service for their customers.

EV integration can dramatically reduce running costs of fleets. Deutsche Post DHL, for example, is already seeing 60-70% savings on fuel costs and 60-80% savings on maintenance and repair from its StreetScooter EVs compared to internal combustion engine vehicles. Another example from City of Seattle, for 2018, it was estimated that they save $6,000 USD in fuel costs in consumption to a gasoline car over a 10-year life cycle.

EVs are becoming increasingly price competitive. Battery pack costs - one of the major price factors for EVs - have gone down 85% since 2010. Bloomberg New Energy Finance (BNEF) predicts that unsubsidized up-front costs for battery electric vehicles will be less than internal combustion engine vehicles by 2024.

OEMs are rapidly moving away from petrol and diesel. Over $300 billion of investments in electric vehicles has been announced by global automakers.

Air quality legislation is expected to increasingly restrict polluting vehicles. Cities such as London, Paris, Los Angeles, Seattle, Mexico City and Tokyo, have already committed to creating zero emission zones by 2030.