Balancing Fleet Costs and Sustainability: A Total Cost of Ownership Analysis for Compact SUVs
Corporate fleet managers face the challenge of balancing sustainability initiatives with cost control, requiring complex analyses of vehicle emissions and ownership expenses. A study by Vincentric analyzed the total cost of ownership (TCO) and annual in-use CO2 emissions for 2024 model-year vehicles driven 20,000 miles per year over five years, covering gas (ICE), hybrid (HEV), plug-in hybrid (PHEV), and battery electric (BEV) powertrains.
The compact SUV segment, a corporate fleet favorite, showed significant variation in costs and emissions. ICE models averaged a five-year TCO of $71,654 with annual CO2 emissions of 8.68 metric tons. BEVs offered the greatest carbon savings (69% reduction) but had a $9,299 higher TCO than ICE vehicles. PHEVs reduced emissions by 34% but had the highest TCO premium ($9,551), while HEVs provided the best cost savings, averaging $7,185 less than ICE models and delivering a 35% emissions reduction. Despite BEVs’ superior emissions benefits, HEVs presented a cost-effective, incremental step toward fleet sustainability. The study highlights the trade-offs fleets must consider when transitioning to greener vehicles.
Last Day to Order 2025MY Chrysler Pacifica/Voyager (ICE)
Please be advised that the last day to order 2025 Model Year Chrysler Pacifica and Voyager models with internal combustion engines (ICE) is February 28, 2025.
Gas Prices Rise in February Amid Refinery Issues and Seasonal Trends
Gas prices have increased for the second week of February, with the national average reaching $3.12 per gallon, though prices remain 6 cents lower year-over-year, according to EIA data. While some states have experienced price hikes, particularly those with price cycling, much of the country has seen stable costs. Refinery issues, such as a fire on the West Coast and the seasonal transition to summer gasoline, have caused localized disruptions, pushing prices over $4 per gallon in that region.