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Dive Brief: Lion Electric believes its battery-electric vehicles have a lower total cost of ownership compared to diesel vehicles, in most use cases, according to an F-4 the Canada-based OEM filed with the Securities and Exchange Commission Thursday. On average, EVs could save fleets about 80% on energy costs and 60% on repair and maintenance, when compared to diesel, the company said. The company said it expects production costs to decrease as battery costs come down, and increased purchasing power should reduce the costs of other vehicle parts. In that vein, Lion Electric said Monday it is building a battery manufacturing plant and an innovation center in Quebec, which will reduce battery costs.

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