Techno-Economic Comparison of Total Cost Ownership of Electric and Combustion Light Commercial Vehicles

Objective: This study aims to investigate the Total Cost of Ownership (TCO) of an Electric Vehicle (EV) and a Combustion Vehicle (CV) to determine the economic viability of the EV. Theoretical Framework: Net Present Value (NPV) is used to evaluate costs over a 10-year timeframe, considering purchase prices, insurance, maintenance costs, fixed-term deposit rates, and road taxes. Method: Two similar commercial light vehicles (Renault Kangoo and Renault Kangoo ZE) are compared using a financial analysis based on NPV. Results and Discussion: The electric version of the vehicle (Renault Kangoo ZE) proves to be economically attractive, especially with intensive use. Research Implications: The results suggest that, with intensive use, electric vehicles can be a financially viable option, which could encourage their widespread adoption in the future. Originality/Value: The value of the study lies in its detailed financial approach to comparing the TCO between an EV and an equivalent combustion vehicle. This analysis allows for the evaluation of the economic viability of electric vehicles, providing a solid basis for decisions on their widespread adoption.