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Connected EVs save businesses more than 3,500 euro per vehicle per year Webfleet research finds

  • European fleets using electric vehicles (EVs) saved 3,599 euro on average per vehicle per year
  • By using EVs instead of internal combustion engine (ICE) models, these businesses also reduced fuel usage by 5,665 litres per vehicle per year
  • In the UK and the Netherlands, the annual savings per vehicle made when switching to an EV are greater than 3,000 euro

Amsterdam, Netherlands - January 10, 2023 — Data from Webfleet, Bridgestone’s globally trusted fleet management solution, reveals that European fleets using EVs have saved on average 3,599 euro per vehicle per year based on Webfleet data . These businesses also saved 5,665 litres of fuel and 15 tonnes of co2per vehicle per year.

electrifying data infographic

Webfleet published this information in the first instalment of Electrifying Data, a series of reports that map the commercial EV opportunity in exclusive telematics data. The first report provides clear insights on the level of cost, fuel and carbon emission reductions that are made possible via fleet electrification.

The research also shows the differences in the average cost savings from country to country. In the UK and in the Netherlands, the annual cost savings per vehicle of switching to electric are more than 3,000 euro, with 3,800 and 3,500 euro respectively. In Denmark, France and Spain, the figure is between 2,000 and 3,000 euro while in Germany, Italy and Poland it is up to 2,000 euro.

Taco van der Leij, Vice President of Webfleet Europe said, “The significant cost savings shown in the Electrifying Data report emphasize why electrifying your fleet makes business sense. In Webfleet, you can access the Fleet Electrification Report, a feature that shows clearly which of your vehicles could be replaced with an EV. After fuel prices rose in March of this year, we saw a 300% increase in usage of this tool. So, it’s clear electrification of fleets is top of mind for many businesses.”

“We want to show all fleets that making the move to electric mobility is not just good for the planet - it’s good for your business too. And the sooner you make the move, the better for everybody.”

Webfleet’s EV fleet management solution is designed to help businesses at every step of the electrification journey from planning the switch and deploying EVs, to monitoring their usage, managing charging, reducing running costs and everything else that is needed to get the full value from going electric.

1 The findings are taking from Webfleet data during the first six months of 2022 and based on an average price of 2 euro per litre of diesel. This data includes both business and personal mileage. Region-specific taxation benefits are not considered in the calculations.