Volvo Trucks North America has introduced a new electromobility total cost of ownership (TCO) tool that it says will support customers in making decisions about the business impact of purchasing and operating zero-tailpipe emission battery-electric trucks. The company says the tool can help customers implement solutions that achieve economic and environmental, social, and governance (ESG) goals.

Volvo Trucks says the TCO tool provides fleets with a transparent projection and comparison of the lifetime cost between battery-electric trucks and their diesel counterparts — including costs for repairs and maintenance, the current price of diesel fuel and electricity, and the estimated cost to purchase and install fueling or charging infrastructure. The tool also factors in the Federal Excise Tax exemption for Class 8 electric vehicles.