4/29/24
Mullen Automotive Inc. (Troy, Michigan) launched its Commercial Total Cost of Ownership Calculator to support fleets make informed decisions about the purchase of electric vehicles.
The Total Cost of Ownership (TCO) Calculator allows fleet managers to compare the cost of a Mullen Commercial EV side-by-side to internal combustion engine (ICE) vehicles in the same class. The calculator inputs include state of operation, annual miles driven and expected years of service; considers MSRP, maintenance and repair costs, fuel costs and tax credits/incentives. The calculator defaults to include the IRS Commercial Clean Vehicle Credit of (up to) $7,500 which both the Mullen ONE and THREE qualify for.
TCO Calculator Example
An unnamed automotive parts and accessories distributor specializing in wholesale distribution is currently seeking to transition its fleet to EVs. They are utilizing Mullen's TCO to showcase the savings and benefits of the Mullen ONE in terms of cost and emission reductions.
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Assuming 10 years / 10K miles annually in United States
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2024 Mullen ONE
Cargo Van
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2023 Class 1 ICE
Cargo Van
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MSRP
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$34,500
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$34,100
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Incentives
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($7,500)
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($500)
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Maintenance
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$3,100
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$6,100
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Fuel Cost
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$6,160
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$14,000
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TCO
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$36,260
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$53,700
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TCO Savings of $17,440
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Conclusion: By transitioning their fleet’s cargo van to the Mullen ONE, the automotive parts and accessories distributor could save approximately $17,440 per vehicle assuming 10,000 miles of annual use and retaining the vehicle for 10 years. Additionally, they will reduce their output of CO2 Emissions by 19,498 kg per vehicle.*
*This TCO Calculator example is based on a real customer. Mullen Automotive does not disclose customers without their written approval.
The Mullen Total Cost of Ownership Calculator is open to all fleets for use by visiting https://mullencommercial.com/tco-calculator.
Mullen’s all electric commercial product line includes the Mullen ONE, Class 1 cargo van, and the Mullen THREE, Class 3 all-electric low cab forward. Both vehicles are assembled in Mullen’s Tunica, MS facility. are backed by 3 yr/36,000-mile (ONE) and 3yr/50,000-mile (THREE) bumper to bumper warranty and an 8yr/100.000 mile on high voltage battery. For more information, visit https://mullencommercial.com/campaign.
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