NJ INCENTIVE WHITEPAPER TCO EXV20

WHITEPAPER : EVX20 TCO NEW JERSEY CHARGE UP INCENTIVE

Electric vs. Diesel: A 7-Year TCO Comparison of the Volt 2-Ton Electric Excavator vs. Bobcat E20 Diesel Excavator (New Jersey Incentive Applied)

Executive Summary

As fleet managers, contractors, and municipalities evaluate options for new equipment acquisitions, Total Cost of Ownership (TCO) becomes the guiding metric in choosing between traditional diesel-powered machinery and emerging electric alternatives. This whitepaper analyzes the 7-year TCO of the Volt 2-Ton Electric Mini Excavator versus the Bobcat E20 Diesel Mini Excavator under identical operating conditions, applying New Jersey’s $40,000 EV equipment incentive.

With the $40,000 NJ incentive applied, Volt demonstrates a 71.4% lower TCO over 7 years, translating to $51,500 in total savings.

1. Equipment Overview

Feature	Volt 2-Ton Electric	Bobcat E20 Diesel
Power Type	Battery Electric	Diesel
Purchase Price (MSRP)	$42,500	$42,500
Incentives Applied	$40,000 (NJ)	None
Warranty Coverage	5 years / 5,000 hrs	2 years / 2,000 hrs

2. Operating Assumptions

Annual Use: 1,000 hours/year

Ownership Period: 7 years

Electricity Cost: $2,000/year

Diesel Cost: $4,000/year

Repair Cost (post-warranty): Volt: $1,000/year; Bobcat: $2,000/year

Residual Value (Year 7): Volt: $10,200; Bobcat: $8,500

3. TCO Breakdown Over 7 Years

Cost Category	Volt Electric	Bobcat Diesel
Purchase Price	$42,500	$42,500
Less NJ Incentive	-$40,000	$0
Net Purchase Cost	$2,500	$42,500
Fuel Cost (7 years)	$14,000	$28,000
Repair Cost (7 years)	$2,000	$10,000
Total Before Resale	$18,500	$80,500
Less Resale Value	-$10,200	-$8,500
Final TCO	$8,300	$72,000

4. Key Insights

Massive Upfront Advantage: With NJ’s $40,000 reimbursement, Volt’s purchase cost drops to just $2,500.

Operating Cost Advantage: Volt saves $14,000 on fuel and $8,000 on repairs over 7 years.

Warranty Strength: Volt’s 5-year warranty offsets repair costs longer than Bobcat’s 2-year coverage.

5. Total Savings with Volt

Total TCO Reduction: $63,700

% Lower Ownership Cost: 88.4%

Annual Savings: $9,100 average/year

6. Strategic Benefits Beyond Cost

Sustainability: Zero emissions and minimal noise make Volt ideal for sensitive environments and compliance-focused projects.

Worker Safety: Lower heat, vibration, and noise exposure improve operator well-being.

Future Readiness: Electric equipment reduces regulatory risk as diesel restrictions increase.

7. Conclusion

When factoring in the generous $40,000 New Jersey Clean Construction Incentive, the Volt 2-Ton Electric Excavator outperforms its diesel counterpart by a wide margin. With an ultra-low net purchase cost, longer warranty coverage, lower fuel and repair expenses, and over $63,000 in total savings, Volt is the clear choice for smart, sustainable fleet upgrades.

Volt delivers cleaner performance and unmatched value—starting on Day One.

About Volt Industrial Equipment

Volt Industrial Equipment designs and manufactures 100% electric machinery for modern jobsites. With powerful components, proven durability, and low operating costs, Volt helps customers transition confidently into the all-electric future of construction.

www.voltie.com | info@voltie.com