EV charging glossary
Industry jargon
Total cost of ownership
Also called TCO
Total cost of ownership, or TCO, adds the costs of buying, operating and supporting an asset across a defined period.
For EV charging infrastructure, that can include hardware, installation, grid connection, software, payment services, energy, maintenance and field support. Purchase price alone can understate the cost of a charger if reliability or support problems create repeated site visits and lost charging revenue.
TCO comparisons need the same operating period and assumptions to be meaningful.
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