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An electric vehicle fleet: are they right for your fleet business?

April 27, 2021 by Webfleet Solutions

Manage all your electric vehicles in one platform

This year will be a landmark for electric vehicles (EVs). Fleet managers still must assess the situation, carefully weighing the advantages and disadvantages of EVs, to determine how suitable electric vehicles for business fleets are for them.

The adoption of EVs come with several compelling challenges. Before you even start, there’s a lot of things you need to get right and a lot of ways you can go wrong. Choose poorly at this point, and you might end up with electric vehicles that are not fit for purpose, infrastructure that can’t support your work schedule and lousy return on investment.

So, should you utilize electric vehicles for business fleets? This blog will help you answer that question.

An electric vehicle fleet: new territory

For most fleet managers, this is new territory. With no established playbook, how do you ensure you add EVs to your fleet in an optimal way? Indeed, there’s no shortage of factors to consider.

You need to find and choose the right electric vehicles, estimate your charging requirements, and assess the most affordable options for financing. As well as build your internal charging infrastructure, plan changes to the layout of your site (and, potentially, your employees’ homes) to accommodate the new vehicles and, if required, apply for the necessary permits.

THIS IS AN EXTRACT FROM A LARGER GUIDE. WANT TO READ THE FULL GUIDE ABOUT ELECTRIC VEHICLE FLEETS FOR FREE? GET IT HERE.

Advantages and disadvantages of an electric vehicle fleet

In addition to considering the factors mentioned above, fleet managers should also create a list of pros and cons.

Here is a shortlist:

Advantages of EVs Disadvantages of EVs
    • Lower running costs than ICE vehicles
    • Higher purchasing price than ICE vehicles
    • Simpler and cheaper maintenance
    • Limited charging infrastructure
    • Massively reduce carbon footprint
    • New mechanical skills required to maintain and manage EVs

READY FOR THE FULL REPORT? DOWNLOAD IT FREE NOW.

A new eco-system for commercial fleets

You also need to navigate the new eco-system of partners and stakeholders that come with EVs. As more companies adopt electric vehicles for business to deliver goods and provide services, new stakeholders will enter the market and new dependencies will be created.

For example, charging station manufacturers are needed to develop and build hardware. Charging station operators are necessary to manage locations. And utility companies that provide electricity and infrastructure to power EVs will become essential players in the electric fleet space. Therefore, new business models will be needed to make it work and new solutions will be needed to manage them efficiently.

Telematics providers are in a strong position to offer unique assistance and insight when companies are looking to add EVs to their fleets. Check out the full guide on electric vehicles for commercial fleets and how telematics can help you unlock the total value

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Tags: Construction, Courier services, Service and maintenance

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