The upfront cost gap between electric- and fuel-powered LCVs is still there, though it's narrowing as battery prices fall each year. In addition, running-cost savings are substantial: industry figures describe fuel savings from fleet electrification as transformational, not marginal, at current fuel prices. The problem isn't that the numbers don't work, it's that most small and mid-sized C&I operators don't have a vehicle fleet finance team to build a credible total-cost-of-ownership model.
What’s needed?
C&I operators of LCVs need a clear, evidence-based total-cost-of-ownership picture up front, with energy and infrastructure costs included, so the decision is made on the full financial business case, not the sticker price alone.