Current fleet usage patterns show that electrification is an achievable goal — because electric vehicles (EVs) can do the job.
Across North America and Europe, Geotab data reveals that there are opportunities for fleets to electrify, reduce the total cost of ownership and meet carbon-reduction goals.
And the patterns of early adopters show that fleets could do even more with their EVs to maximize ROI. By making the most of data during their transition to electric, fleets will be empowered to make bold decisions.
When analyzing real-world data from North America and Europe, we found that about three-quarters of the studied light commercial vehicles (LCVs) on the road drive within a daily range that could be covered by an EV. We call this ‘range capable.’
But are there any financial benefits of electrification? A lot of the time, yes. In our research, 41% of analyzed gas and diesel LCVs are ‘EV suitable,’ which means two things: they are range capable, and switching them to electric would save money — an average of $15,900 per vehicle over its lifetime.
The environmental impact of converting all these vehicles to electric could be huge: it would stop the production of about 19 million tonnes of tailpipe emissions.
Converting EV-suitable vehicles can save money
of LCVs studied are EV suitable
would be saved per vehicle
What are the real financial and environmental benefits of switching to electric?
To find out, Geotab analyzed data from more than 750,000 light commercial internal combustion engine vehicles in North America and Europe. The EV Suitability Assessment (EVSA) tool calculates how many vehicles are EV suitable — meaning they are range capable and the switch to electric will save the fleet money.
It’s not just LCVs that are good candidates for electrification — it’s also medium- and heavy-duty (MD&HD) trucks that drive short daily distances and have predictable routes with long dwell times.
Out of the larger internal combustion engine vehicles driving local routes (including last-mile and hub-and-spoke type operations), 58% of medium-duty and 46% of heavy-duty trucks never exceeded 200 miles daily. And most are also stationed long enough to have meaningful charging opportunities: at least 12 hours for medium-duty vehicles and at least 10 hours for heavy-duty vehicles.
When we turn the spotlight on early adopter fleets, we see they are using EVs in a variety of situations — from local operations to longer distances. The most confident of these are operating in more mature markets, but there is still plenty of opportunity to optimize their operations. And that opportunity is in the data. Organizations can use it to identify where they can increase utilization, deploy the right vehicle for the right job and right-size charging infrastructure for the fleet application.
EVs could have sufficient range for:
of locally operating medium-duty vehicles
of locally operating heavy-duty vehicles
Article: Switching over
Why organizations need data to electrify their fleets
How many vehicles could switch to electric — and what would be the benefits? Discover how organizations can use their internal combustion engine vehicle data to find the ‘sweet spot’ for profitably converting their fleet vehicles to EVs.
Article: Switching over
Why organizations need data to electrify their fleets
How many vehicles could switch to electric — and what would be the benefits? Discover how organizations can use their internal combustion engine vehicle data to find the ‘sweet spot’ for profitably converting their fleet vehicles to EVs.
Copyright 2024. Geotab Inc. and/or its affiliates. All Rights Reserved
Copyright 2024. Geotab Inc. and/or its affiliates. All Rights Reserved