A recent report by consultancy firm Primus Partners indicates that retrofitting trucks is 24 percent cheaper per kilometer compared to acquiring new electric vehicle (EV) counterparts in terms of the total cost of ownership, while buses can achieve savings of up to 29 percent through retrofitting.
According to the findings, retrofitting extends the lifespan of vehicles by 8-10 years and offers a faster payback compared to new electric vehicles (EVs).
In a joint initiative, consultancy firm Primus Partners and the European Business and Technology Centre (EBTC) unveiled a report titled “Retrofit for a Greener Future:
