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Ogilvie Fleet adds EVs to cost calculation service

Date: 01 December 2020   |   Author: Sean Keywood

Leasing and fleet management company Ogilvie Fleet has added EVs to its Ogilvie True Cost (OTC) matrix.

The service is designed to precisely represent actual costs associated with the operation of individual vehicles, allowing a more accurate comparison to be made between different models.

The new calculation for EVs starts with information such as driving range, battery capacity, and the cost of electricity. It then adds costs associated with National Insurance contributions, and applies relevant corporation tax savings to actual and direct fleet costs, before adding back in any applicable lease rental restriction.

Ogilvie says it can construct an entire car policy using OTC, as well as providing a full, bespoke, online quotation system that allows drivers to select only those vehicles that fall within their OTC band.

Ogilvie sales and marketing director Nick Hardy said: "The company vehicle landscape is changing very quickly which has made it more difficult for fleets to compare models with different engines like-for-like.

"Our true cost matrix provides a new level of data for fleets that will enable them to make more informed decisions on car choice. This takes our true cost matrix to another level."