The type of vehicles in your fleet play a significant role in your TCO. Opt for vehicles with high fuel efficiency (including considering EVs) to reduce fuel costs, which typically make up a significant portion of your variable costs.

Ensure that you're not over-specifying your vehicles (and thereby adding unnecessary costs). Choosing vehicles with the optimal balance of features and specifications to suit your business needs can help minimise your TCO.

Simplify the tracking and payment of expenses by using a fleet card for all fuel expenditures. This collects, records, and reconciles every transaction, saving administrative time and providing valuable data to identify opportunities for fuel savings initiatives.

Regular maintenance can help avoid costly, unplanned breakdowns and repairs. By keeping your vehicles in top shape, you'll extend their lifespan, increase safety, and reduce the overall TCO.

These technologies help your journey planning and provide valuable insights into how you can improve efficiency and reduce costs.

Your drivers' behaviours can have a significant impact on fuel consumption. By training drivers to avoid rapid acceleration, heavy braking, and excessive idling, and ensuring they use journey-planning tools to optimise distance and speed, you can reduce fuel costs and lower your TCO.

A safe driving culture not only reduces the risk of accidents but also keeps insurance costs low. Implementing effective driver training programs can help foster this culture within your organisation.

Vehicle depreciation is a major factor in TCO. By purchasing and selling vehicles strategically – at times when you can achieve the lowest capital cost and the highest value at resale – you can minimise depreciation costs.