Comprehensive Total Cost of Ownership Quantification for Vehicles with Different Size Classes and Powertrains

In order to accurately compare the costs of two vehicles, the total cost of ownership (TCO) should consist of all costs related to both purchasing and operating the vehicle. This TCO analysis builds on previous work to provide a comprehensive perspective of all relevant vehicle costs of ownership. In this report, the authors present what they believe to be the most comprehensive explicit financial analysis of the costs that will be incurred by a vehicle owner. This study considers vehicle cost and depreciation, financing, fuel costs, insurance costs, maintenance and repair costs, taxes and fees, and other operational costs to formulate a holistic total cost of ownership and operation of multiple different vehicles. For each of these cost parameters that together constitute a comprehensive TCO, extensive literature review and data analysis were performed to find representative values in order to build a holistic TCO for vehicles of all size classes. The light- and heavy-duty vehicles selected for analysis in this report are representative of those that are on the road today and expected to be available in the future. Powertrains included are: internal combustion engine, hybrid electric vehicle, plug-in hybrid electric vehicle, fuel cell electric vehicle, and battery electric vehicle.

  • Record URL:
  • Corporate Authors:

    Argonne National Laboratory

    Energy Systems Division
    Argonne, IL  United States 
  • Authors:
    • Burnham, Andrew
    • Gohlke, David
    • Rush, Luke
    • Stephens, Thomas
    • Zhou, Yan
    • Delucchi, Mark A
    • Birky, Alicia
    • Hunter, Chad
    • Lin, Zhenhong
    • Ou, Shiqi
    • Xie, Fei
    • Proctor, Camron
    • Wiryadinata, Steven
    • Liu, Nawei
    • Boloor, Madhur
  • Publication Date: 2021-4

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Appendices; Figures; References; Tables;
  • Pagination: 227p

Subject/Index Terms

Filing Info

  • Accession Number: 01841473
  • Record Type: Publication
  • Report/Paper Numbers: ANL/ESD-21/4
  • Files: TRIS
  • Created Date: Apr 6 2022 10:26AM