Electric vehicles are the future and many are anticipating that in the upcoming years, they will be increasingly popular in fleets. While there can be numerous benefits that arise from using these innovative modes of transportation, fleet managers must keep in mind three key factors prior to implementation. Specifically, how telematics solutions, real-world driving conditions and incentives should be reviewed.
What Benefits Are Enticing Businesses?
As technology evolves, companies continue to see new ways that they can utilize innovation to their advantage. When discussing EVs, many fleet managers are intrigued to adopt them because of varying benefits;
- Lowering spending on fuel as many find that the cost to ‘plug-in’ their vehicle in comparison to purchasing gasoline or diesel can be lower
- Reducing the cost of maintenance on vehicles as electric drivetrains can in some cases be lower to maintain as it’s functionally simpler
- Employee experience can improve as employee satisfaction, performance and retention reportedly increase as team members can feel more aligned with company goals and initiatives
- Better corporate sustainability as the company is proactively adjusting their actions to lower their environmental footprint
What Fleet Managers Should Keep In Mind Prior To Implementing Electric Vehicles
Monitoring Vehicle And Fleet Performance
Similar to a traditional fleet, EV fleets must also have the right resources available to monitor their vehicle and fleet performance. Overlooking this key detail could leave fleets at risk for being inefficient or unproductive without even knowing it! Just like a traditional fleet, electric vehicles must be kept in peak working condition and routes need to be well organized to make sure the investment is worth it.
Real-World Driving Conditions And Batteries
Depending on the size and purpose of your fleet, you may find that certain electric vehicles will function better for your business. This stems upon the fact that your needs and the available technology will vary since the electric vehicle industry is still growing. Some key factors to keep in mind are; average daily use, accessibility to charging stations during transportation, the logistics of charging time, the costs and frequency of charging, as well as environmental (roadway) conditions. These all play a factor in what vehicle you should use as the lack of charging stations, the weight of cargo being carried or even rough road terrain could make using an electric fleet more expensive or unrealistic.
For example, if your team frequents a route with limited access to charging stations, you may find that you will need to wait until electric battery charges improve or charging station access increases. It’s also worth highlighting how hybrid electric vehicles could be the better choice right now as they are not so limiting in terms of battery and charging options. Plug-in hybrid electric vehicles (PHEV) and conventional hybrid electric vehicles (HEV) use electric motors in addition to gas engines which limits the stress of finding a charging station to ensure a timely delivery.
It’s no surprise to hear that transitioning a fleet from gas to electric-powered vehicles can be costly, so do your research about incentives available to you. As there is a large focus on the environment, governments are creating numerous incentives with varying electric vehicle tax credits to encourage the popularity of EVs. With the opportunity to receive thousands of dollars back in tax credits, it’s something businesses must take advantage of if they are investing in an electric fleet.
Regardless of if you’re thinking of deploying electric vehicles into your fleet, it’s critical to stay updated on current industry trends. As technology is always advancing and businesses are continuing to find innovative ways to grow, you must stay informed. One way to do this is to sign up for our newsletter as we send out monthly updates about trends and telematics technology. Make sure you scroll down and fill out the form to stay updated!