TCO Analysis Tool

As mentioned earlier, the Total Cost of Ownership (TCO) analysis is crucial for businesses because it provides a comprehensive understanding of all costs associated with owning and operating a product or service over its entire lifecycle.

By considering factors beyond just the initial purchase price, such as maintenance, operating, and disposal costs, TCO analysis helps businesses make informed decisions, optimize resource allocation, and maximize long-term profitability.

In the following link, the International Energy Agency provides an interactive calculator that allows users to compare the costs of owning and operating fossil fuel and electrified vehicles and see how changing various variables affects the result.

Overview of the TCO Analysis Tool. IEA (2022)

Course Mascot. PEM Motion (2024)

Let us know your results/thoughts on using this tool in the comments section below.