The Benefits of Fleet Electrification
What are the Environmental Advantages of Fleet Electrification?
Fleet electrification is the process of replacing fleets of vehicles using internal combustion engines vehicles (ICEs) with electric vehicles (EVs) which can make the biggest and fastest contribution to the decarbonization of road transport.1 Fleets are ideal for the transition to electrification because they can be managed in a centralized way and with a high rate of usage. This can streamline the process of transition and the implementation of charging infrastructure.
One of the greater benefits of the electrification of fleets is the reduction in emissions. EVs produce zero tailpipe emissions and have a large potential for greenhouse gas emissions reductions when coupled with a low-carbon electricity sector. 2 This can have a significant and beneficial impact on the quality of air, particularly in built-up areas such as cities where fleet vehicles are commonly in use. For corporations, fleet electrification can also advance the progress in achieving both emissions reduction targets and meeting sustainability goals.
What are the Financial Incentives for Fleet Electrification?
A further incentive for fleet electrification is saving on costs. Normally, the cost of electricity is lower than that of fossil-based fuels. All-electric vehicles typically require less maintenance than conventional vehicles due to several factors, including fewer moving parts relative to a conventional fuel engine, 3 resulting in lower operating costs. Additionally, countries can offer financial incentives with the aim to stimulate increased uptake 4 of alternative fuel vehicles such as EVs, which can further reduce upfront costs. For corporations, the potential cost savings on operations, maintenance, and reduction in upfront costs, can further incentivize acting upon and progressing towards fleet electrification.
How can Fleet Electrification Add Value to Your Company’s Brand?
Fleet electrification can also have the additional side effect of adding value and improving a company’s brand and image. Businesses who are actively taking environmentally responsible steps forward, have the potential to attract and retain customers and employees who care about sustainability. For corporations, brand association with environmentally friendly practices, industry leadership and example setting can be yet another incentive to switch to EVs.
Success in Fleet Electrification
Outwardly, electrifying a fleet could appear to be a relatively straightforward matter of purchasing EVs to replace an existing fleet of ICE vehicles. However, what is often missed are the challenges to be addressed in the preparation for fleet electrification and seamlessly integrating electric vehicles into companies’ business activities. 5
To make fleet electrification a success, companies should have a comprehensive plan that includes considerations such as the charging infrastructure, selecting electric vehicles, employee education, communication, financial processes, and EV charging and fleet management operations. This plan can be developed in collaboration with EV charging providers, fleet managers, and other stakeholders.
In conclusion, fleet electrification is an ideal solution for companies looking to reduce their environmental impact and operating costs while adding value to their corporate brand. With the range of EVs available on the market today and the development of new technologies, fleet electrification is becoming an increasingly viable option for companies of all sizes and industries. By developing a comprehensive plan, companies can successfully transition to electric vehicles and realize the many benefits of fleet electrification.
In Summary – The benefits of Fleet Electrification
- Fleet electrification can make the biggest and fastest contribution to the decarbonization of road transport
- Zero tailpipe emissions and reduction of greenhouse gas emissions
- Significant and beneficial impact on the quality of air
- Lower operating costs due to lower cost of electricity and less maintenance
- Rebates and financial incentives to reduce up-front costs
- Add value to company branding as environmentally responsible and forward-thinking
- Potential for new business opportunities and revenue streams
- Achieve emissions reduction targets and meet sustainability goals
- Long-term savings and benefits
ChargePanels EV Fleet Management software makes it easy for employees to charge at work, at home and on the road and streamlines the reimbursement process, so that you can focus on your core business. You can benefit from the many extra functions that are available, including enabling employees to charge at the homes of their work colleagues, refuel at any branch or site within the company or at a completely different company that is connected to the service and within your portfolio.
Find out how ChargePanel can help you optimize your EV Fleet Management.
ChargePanels EV charging platform is developed to serve customers across a variety of markets and segments. The software provides business customers with the flexibility to manage and scale their EV charging networks across an exciting and rapidly growing industry. With Enterprise back-offices for the management of charge stations and driver accounts, white-label end user Apps and functionality for businesses to operate their own charging networks as well as those of their affiliates and sub-partners, ChargePanels EV charging platform can help you to manage the multiple aspects of operating an EV charging network.
We are dedicated to helping our customers grow their EV charging businesses and are proud to be part of the eMobility industry. We are in the positive and encouraging position to have contact with people throughout Europe and around the world, who are actively working to create a successful transition away from fossil fuels and towards a sustainable electric future.
Would you like to learn more about ChargePanels EV charging platform and discuss electric vehicle fleets with us? Get in touch We look forward to speaking with you soon.
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1Ernst & Young https://www.ey.com/en_gl/news/2021/02/fleet-electrification-set-to-accelerate-the-decarbonization-agenda-with-significant-upside-for-the-fastest-movers
2International Energy Agency https://www.iea.org/reports/global-ev-outlook-2020
3AFDC, U.S. Department of Energy https://afdc.energy.gov/vehicles/electric_maintenance.html
4European Environment Agency (EEA) https://www.eea.europa.eu/ims/new-registrations-of-electric-vehicles
5Roland Berger https://www.rolandberger.com/en/Insights/Publications/The-Road-to-Fleet-Electrification.html