Geotab recently launched a new report on fleet electrification, which uses data sourced from over 2 million vehicles globally to look at the potential for electrification to make fleet operations more efficient, boost cost management, and meet sustainability targets.
In its “Taking Charge: On the road to the EV Future” report, Geotab noted that electric vehicles in the light-duty fleet category could prevent the use of 2.2 billion gallons of fuel. It could also help avoid around 19 million metric tons of CO2 emissions over the next seven years.
“By leveraging real-world data insights, we can demonstrate the operational and economic viability of EVs across a wide range of fleet applications,” said Eric Mallia, Geotab’s Vice President of Sustainability Solutions, in a statement.
He added that opportunities for fleets to electrify will continue to grow, and that better data insights will highlight both challenges and solutions to accelerating the adoption of EVs — “ultimately improving outcomes for business and the planet.”
Some of the key findings of the report include that a significant number of analyzed light-duty ICE vehicles (75 per cent) could be replaced with range-capable battery EVs today. And 41 per cent of analyzed light-duty ICE vehicles were considered cost-effective and range capable, which means there is a potential saving, on average, of around $16,000 per vehicle over seven years.
“These analyses have shown that many fleet applications and fleet duty cycles could be fulfilled by an EV, reinforcing our belief that EVs are key to unlocking sustainable fleet operations today,” said Charlotte Argue, Geotab’s Senior Manager of Sustainable Mobility, in a statement.
However, when it comes to EV charging there are missed opportunities for fully utilizing these types of vehicles. (Forty-five per cent of European and 65 per cent of North American EV charging sessions take place before the battery drops to half.)
