We've written about the total cost of ownership of automobiles for a decade, comparing the total cost of ownership of electric cars to the total cost of ownership of fossil-powered cars. The short and sweet
“As part of the IEA’s work under the Thematic Working Group 1 of the Global Programme to Support Countries with the Shift to Electric Mobility, funded by the Global Environment Facility, the IEA is launching a new tool for calculating the total cost of ownership of various types of light-duty vehicles,” the IEA writes.
The project is ambitious, as the IEA seems intent on doing a great job on this and having it simple enough for easy use but customizable for different levels of analysis. They want it to cater to “both high-level and more detailed comparisons.” Furthermore, they want “Real-time results so users can perform sensitivity analysis.” Also, smartly, they realize that they shouldn’t make it seem too precise and perfect, or else the results may mislead some people.
It’s uplifting to see that the IEA is doing this, and it’s uplifting to see that the organization seems to be going about it in a serious, thoughtful, practical way. Once the tool is ready, thequestion is how much the IEA will market or even advertise this tool. If it is used by 10 people a month, that’s one thing; if it’s blasted from the social media rooftops across the world and gets used by 10 million people a month, that’s something very different. Let’s hope it’s the latter.
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