EVs offer 15–20% cost advantage over diesel in logistics: Report

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Electric vehicles used in India’s logistics sector offer a 15–20 per cent lower total cost of ownership (TCO) compared to internal combustion engine (ICE) vehicles, according to a new report by management consultancy Praxis Global Alliance.

The report titled Decoding the Economics of EV Fleets in Indian Logistics finds that this cost advantage is driving electric vehicle (EV) adoption, particularly in urban logistics and last-mile delivery.

“EV TCO is 15–20 per cent lower than ICE in 3W and small 4W fleets due to lower fuel and maintenance…



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EVs offer 15–20% cost advantage over diesel in logistics: Report


Electric vehicles used in India’s logistics sector offer a 15–20 per cent lower total cost of ownership (TCO) compared to internal combustion engine (ICE) vehicles, according to a new report by management consultancy Praxis Global Alliance.

The report titled Decoding the Economics of EV Fleets in Indian Logistics finds that this cost advantage is driving electric vehicle (EV) adoption, particularly in urban logistics and last-mile delivery.

“EV TCO is 15–20 per cent lower than ICE in 3W and small 4W fleets due to lower fuel and maintenance…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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