The city of Vernon can expand its fleet of electric vehicles — if it makes economic sense to do so. The city currently has one full-size truck, four cars, one UTV and six e-bikes. A report to be presented to the city council on Monday says electric trucks have not been added to the fleet due to a lack of availability. “The Ford dealer recently advised that there may be an opportunity to purchase up to two units of a fleet version of the Ford Lightning (electric version of the F150) in 2023 at an estimated cost of $75,000 per unit. An additional $5,000 will be required to outfit the vehicle with the necessary lights and decal package. That’s about $20,000 more than the equivalent gas-powered alternative,” the report states. However, there is no guarantee that the price will not increase before the trucks are delivered, calling into question the economic viability of the trucks. “At a purchase price of $75,000, it will take about eight to 10 years to recover the cost difference of the electric pick-up compared to the equivalent gas alternative. The dealer has stated that they expect a further price increase for the Lightning later this year. If the city commits to the purchase immediately, there is a chance, though no guarantee, that the current price will be met. If there is a further price increase, the purchase of these vehicles no longer makes financial sense, and management recommends the city not proceed with the purchase until the capital and operating costs make solid fiscal sense.” Electric trucks will replace gas-powered trucks that are reaching the end of their expected life cycle. The report says the availability of electric trucks is unpredictable, with long lead times and little room to negotiate the purchase price. “The administration is not recommending the purchase of electric trucks, at high prices, until supply increases, availability is assured, and acquisition is in the taxpayer’s best interest.” Staff is recommending that the council approve budget approval for the purchase of two electric pick-up trucks if Ford can maintain the original quoted price of $75,000 per unit.
