The city has received a report generated by the EV Club of CT providing a financial analysis of the Westport Police Department’s Tesla Model 3. In December 2019, Westport Police purchased a Tesla Model 3, fully customized it for law enforcement, and put it into service in February 2020 as a pilot program. This Tesla Model 3 team car, the first in the country, is celebrated for its superior performance, cost savings and environmental benefit estimates.
Police Chief Foti Koskinas said: “What initially attracted us to the Tesla was how it compared to our traditional fleet vehicles in terms of performance, 5-star crash ratings and avoidance technology. collisions. While the police department has used plug-in hybrids for parking for several years now, this is the first fully electric car to be used on active duty. We needed to confirm our estimates on things like mileage per charge and how the vehicle would hold up overall in the harsh environment of police work. And of course, we were tracking expenses. The Tesla’s purchase price was higher than that of the Ford Explorer, but we speculated that we would recoup that expense by reducing the Tesla’s fuel and maintenance costs.
According to First Selectman Jim Marpe, “Westport is leading the way with electric vehicles and charging stations. Our municipal government is also a leader on the municipal front. Decisions to invest in vehicles and electrical infrastructure are strategic, data-driven and smart. I applaud our forward-looking police service and the partnership of the service and the EV club. This is part of how Westport will deliver on its commitment to be net zero by 2050. ”
Charles Sampson of Westport Police, who managed this project, said: “The public feedback has been overwhelmingly positive. We have been contacted by at least 50 other law enforcement agencies – around the world – with questions about our experience. I know a lot of them bought Tesla for their fleets. “
Barry Kresch, president of the EV Club of CT, said: “I proposed to do this analysis for the police because it is such visible and tangible evidence that electric vehicles can be profitable and that the police decision of Westport to move forward with the Tesla Model 3 pilot was financially and environmentally sound. The presentation I designed for them visually demonstrates the economic case for the use of electric vehicles in public sector fleets. “
Westport Police Tesla Model 3 Financial Analysis
Westport Police purchased a Tesla Model 3 in December 2019, fully customized it for law enforcement, and put it into service in February 2020 as a pilot program. This first Tesla Model 3 team car is celebrated on its first anniversary for exceeding estimates for performance, cost savings and environmental benefits.
Westport Police Tesla Model 3 Police Cruiser both recoups the premium of the purchase price and saves money in the first year.
- After four years, the Tesla will have saved enough money to buy another Tesla.
- Each EV avoids the emission of more than 23 tonnes of CO2 per year and saves $ 8,763 in environmental and health costs.
- There is a fuel savings of just $ 12,582 after four years of using electricity to power the vehicle.
- Reduced maintenance. Regenerative braking means that the engine slows down the car and recovers some of the kinetic energy, thereby recharging the battery and reducing wear on the friction brakes. This is an example of how an EV saves on maintenance. Other examples are the absence of an oil change, spark plugs, transmission, alternator, water pump or catalytic converter.
- Even during the winter months, the vehicle was able to consistently complete two consecutive patrolling shifts without needing to be recharged, and there were no operational issues related to charging and battery usage.
There was a differential of $ 15,300 in the purchase price of the Tesla over a Ford Explorer, which was the workhorse of the fleet. The purchase price differential was recouped in the first year due to reduced customization and lower operating costs. All these elements have been analyzed in detail.
Westport PD is considering purchasing another Model 3, and while it would not benefit from the first-come discounts that benefited the pilot vehicle, there are still plans to recoup the price premium in the first year due to customization costs. , much lower maintenance and fuel.
The cost to purchase, customize, and one year of ownership of the Tesla Driver was $ 68,700 and is expected to be $ 85,100 for a future Tesla Model 3. This compares to $ 86,300 for the Ford. Due to the customization discounts, this was a lossless situation for the pilot vehicle. But the financial record remains strong even for a future Tesla.
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By year four, given the lower cost of running an electric vehicle, the total cost of ownership of the Tesla Pilot is expected to be $ 79,400, that of a future Tesla by $ 95,800, and Ford’s of $ 120,200.
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None of these figures take into account the expected life differential. The Ford has a documented lifespan of four years according to Westport Police. Based on the first year of operation, the Tesla is expected to have a lifespan of six years. If we amortize the fixed costs (purchase and personalization) of the vehicles, the savings are considerably greater.
After four years, the cash savings for the Tesla Pilot are $ 41,000 and $ 24,000 for a future Tesla.
For more information, please see this blog post.