(This only includes Ontario major locations, as implementing globally would cost around $500 million)
- Electric Vehicles:
- 100 electric delivery vans x $125,000 each: $12,500,000
- 100 x $13,200 (Insurance) = $1,320,000
- Staff Training:
- 100 employees x $50,000 per employee: $5,000,000
Total Initial Investment: $18.32 million
ROI
- Around $5.00 per large package saved
- Truck packaging (15 Packages per truck)
- Current UPS cost is around $16.00 per package
- Total cost from fuel, insurance, and tech adds to $11.00
- Per truck, around 45 packages per day, so $225 per truck
- $225 x 100 trucks = $22,500 per day
- $8,000,000 per year
ROI calculation:
ROI = (Gain from Investment - Cost of Investment) / Cost of Investment
ROI = $8M / $18.32M = 43.67%
After 2 years, your money should be refunded and start making profits