The first annual Vincentric Best Fleet Value in Canada awards were announced yesterday and the Chevrolet Volt led the way in the emerging plug-in/electric segment.
As alternative fuel technology becomes more popular in the fleet industry, the Chevrolet Volt and Nissan Leaf tend to get strong consideration. But when the results were analyzed, the Chevrolet Volt earned top honors with ownership costs that were lower than the Leaf due to its strong depreciation results. With lowest lifecycle costs in all 24 lifecycle scenarios, including low and high distance and short and long term lifecycle periods, the Chevrolet Volt won the Vincentric Best Fleet Value in Canada award in the emerging plug-in/electric segment for the 2012 model year.
To determine the 2012 Vincentric Best Fleet Value in Canada awards, Vincentric analyzed over 1,700 vehicle configurations in 24 different lifecycle cost scenarios, using eight cost factors including depreciation, fees and taxes, financing, fuel, insurance, maintenance, opportunity cost, and repairs. The lifecycle costs were measured in all ten provinces, with the resulting 3,000,000-plus (all categories) lifecycle cost measurements then reviewed to determine the winning vehicles.
This award follows another one given in the U.S. by Vincentric to the flagship Chevrolet in March when the Volt won for the second year in a row the “Electric/Plug-in Hybrid Car” category in Vincentric’s Best Value in America awards.