Fleet Conversions Are Good for Business
Fleets play a significant part in transportation emissions, investing in electric vehicles as part of a business fleet can reduce your carbon footprint immensely.
Beyond this, your organization can also benefit from lower fuel costs, reduced ongoing maintenance, and employee attraction and retention.
Become an Industry Standard Leader
Fleet optimization may not only be required to meet sustainability targets like ISO 14001, or Corporate Social Responsibility programs, it may soon become the industry standard.
As we see advancements in battery chemistry, tightening emissions regulations, and a broadening in the range of vehicle models, it is expected that electrification will increasingly extend into heavier applications.
Several companies have stated intentions to develop mega-chargers that could charge at 1 megawatt or above (which means fast and easy charging for for medium- and heavy-duty electric vehicles). Tesla is developing this infrastructure to support its semi heavy-duty truck and ChargePoint has already presented a concept that would support for heavy trucks and electric aircraft.
Reduce Regulatory Risk
All major markets have fuel economy and emissions regulations in place and getting ahead of regulation and standard changes may be easier than catching up to them.
Two Canadian provinces already have aggressive EV targets; with British Columbia requiring 100% of all cars sold to be electric by 2040 and Quebec who currently leads zero emission vehicle (ZEV) adoption across Canada with similar goals to California.
As air-quality and noise pollution standards become more restrictive, some major cities have announced plans to ban gasoline and diesel cars by 2030 or sooner.
The cost of insurance has many variables involved, but EVs have several factors on their side. Insurers are certain to take note of the fewer maintenance requirements (i.e. a longer brake-life decreases the odds of an accident due to faulty brakes). Advanced safety technology that often comes standard in electric cars also assists drivers in reducing the chance of a collision.
According to a study by Cover Hound, insurers consider plug-in drivers more responsible and quoted lower rates. Their data noted that a Chevy Volt was several hundred dollars less to insure annually than another GM car, while the same went for a Nissan LEAF compared to an Altima.
Fleet operators who opt for advanced telematics systems also see reductions in insurance costs because theft and other risks become minimized by the technology.