Cost Economics of an electric truck.
Let`s understand the cost benefits of Electric truck. An electric truck can do about 100kms in a single charge and with a carrying capacity of 1.2 Tonne, our Electric Truck conversion kits are priced very competitively. Below comparison chart shows the savings that can be made by having an Electric Truck.
|DIESEL VS ELECTRIC|
|DIESEL LCV||ELECTRIC LCV|
|Cost of Diesel||54||Considering BioDiesel|
|Cost of Electricity||6||Commercial Unit Price|
|Mileage in Kms||10||100||10 Units of Electricity for a complete charge cycle is Rs.60|
|Total Kms / Day||100||100|
|Monthly Expense on Fuel||16200||1800|
|Maintenance cost||2430||180||15% for Diesel & 10% for Electric|
|Losses on Fuel Theft||4471.2||0||2% losses annually on Theft|
|Savings on Electric LCV||204271.2|
The above table clearly explains that switching to electric makes a great sense, but wait we have some people who are concerned about battery life. Our batteries last for around 1800 Charge cycles but we always consider 1500 cycles for calculation. That means even if you run 100 kms/day the batteries would last for 4 years.
In case you need to replace batteries after 3 years the cost is 20% of your 2 years savings or say 10% of your total savings made in 4 years.
Just to make diesel Vehicle owners feel better let`s consider a worst case scenario where in battery packs needs to be changed after 1 year( just assume 4 charge and discharge cycles in a day! or 400 Kms/day) and add subtract the battery cost with the total saving and still we are left with 134271.2 which we are sure is not a bad idea.
Apart from cost benefits , the motors have a very large lifetime and hardly electric trucks require any maintenance apart from the brakes. Companies would also be reducing their carbon footprints by switching to electric.
*The comparison given above is based on real world case study and the figures are an approximation*