Electric Vehicles vs. Existing "For Hire" Vehicles

While "Our Plan" did suggest two possible options 1) Using Fully Electric Vehicles and 2) Using the Existing "Fore Hire" Vehicles, after reviewing all of the data and possible scenarios, we stand firmly behind our "RFP #1" (Fully Electric Vehicles) as the ideal way to move forward for the "Pilot Period."

The reason we are backing that Plan is because we can basically guarantee that the costs will not exceed a certain amount of money that is spent during the "Pilot Period." By using a dedicated fleet of Fully Electric Vehicles there will not have to be the need by the City to subsidize the true "Microtransit" rides.

Look at the below scenarios, and keep in mind the text in the "red" as that ONLY ASSUMES 4 VEHICLES giving "Microtransit" rides. If "RFP #2" is adopted, there will be much more than 4 vehicles providing these rides...

Here is a breakdown at a Subsidized Ride cost of $12/Ride and using 4 Vehicles...

(CLICK ON THE IMAGE TO VIEW IN A HIGHER RESOLUTION)

Click the "Subsidized Ride Price" below to see different scenarios...

If "Microtransit" is as successful as the recent Summit Bike Share program, than then it would be easy to see 100+ "Microtransit" rides per day. If that happens then the cost spent to subsidize the fares would exceed the cost of the investment in 4 Teslas vehicles.

Per the previous Proposal that was submitted by the Downtowner, they said:

"In its first 13 days in Aspen, from June 17 to 30, the Downtowner provided 746 free, tip-based rides to 1,743 passengers. From July 4 to 10, there were 440 rides and 1,094 passengers. From July 11 to 17, there were 492 rides and 1,201 passengers."

Park City is 4.5 TIMES larger than Aspen and a more populous area, so our results should exceed those that Aspen has seen... especially going into the Winter Season.

With that said, according to their results:

  • From June 17 to 30, a 14 day period, the Downtowner averaged 53 rides per day. 
  • From July 4 to 10, a 7 day period, the Downtowner averaged 63 rides per day.
  • From July 11 to 17, another 7 day period, the Downtowner averaged 70 rides per day.

If we average the above 28 days of data, the average number of rides the Downtowner provides per day is 60.

In addition, as it was discussed at the May 30, 2017 "Aspen City Council Work Session" where the Downtowner requested an additional $286,080 (CLICK HERE TO READ THE MEMO) to continue their program in Aspen through April 2018. During the Work Session, it was discussed that the average ride costs $17 and in the first 11 months the Downtowner completed 22,020 rides... or 2,002 rides per month or 66 rides per day. Based on these numbers ($66 rides per day at $17 per ride), Aspen is spending on average $34,127.50 per month... so as compared to our proposal (RFP #1) using Electric Vehicles, which costs $29,740.20... if we had similar results in Park City, subsidizing the fare through payment to our Existing "For Hire" Transportation Providers would cost Park City $4,387.30 more. Based on the success of programs like the Summit Bike Share, many believe that the "66 Rides Per Day" (1 ride every 44 minutes, based on 4 cars) number would be far less than the actual use... and the daily volume could exceed 100 rides per day very quickly... which would close to $22,000 more than our Electric Vehicle Proposal--and if that money were used to further invest in this program, could pay for an ADDITIONAL 3 TESLAS.

  • At subsidized amount of $10 per ride... it would cost $18,252.00 per month
  • At subsidized amount of $12 per ride... it would cost $21,902.40 per month
  • At subsidized amount of $15 per ride... it would cost $27,378.00 per month
  • At subsidized amount of $18 per ride... it would cost $32,853.60 per month... which is more than a 100% Electric Vehicle solution
  • At subsidized amount of $20 per ride... it would cost $32,853.60 per month... which is more than a 100% Electric Vehicle solution

The "magic number", the number of rides per day that would have to be performed at the following subsidized per ride amounts that would exceed our proposed 100% Electric Solution would be...

  • At subsidized amount of $10 per ride... the "magic" number is 98 rides per day.
  • At subsidized amount of $12 per ride... the "magic" number is 82 rides per day.
  • At subsidized amount of $15 per ride... the "magic" number is 65 rides per day.
  • At subsidized amount of $18 per ride... the "magic" number is 54 rides per day.
  • At subsidized amount of $20 per ride... the "magic" number is 49 rides per day.

Based on our knowledge of the "For Hire" Transportation Industry we feel that in order to get "effective coverage" for Microtransit rides from the existing "For Hire" Community the subsidized rides would have to be at an amount of $15 - $18 per ride. With that said you can see using Aspen as an example, within the first 30 to 60 days the useage of the Microtransit Offering would quickly cost more through a subsidized ride program than to use 100% Electric Vehicles.