SitelogIQ’s Post

Cox Automotive Inc.'s new study shows that electric fleets are the future! "Fleet owners forecast that the EV share of the average fleet in five years would be 43%. Among operators currently managing EVs, the projected share of EVs was even higher, at 58%, suggesting those with the most experience with EVs expect more rapid growth." Read more: https://bit.ly/4fikzlY

EVs are 1) already here and 2) the future of transportation. Notice the stats that show fleet managers who already have EVs are even more bullish on them. They work well, reduce OpEx, and more importantly for the rest of us, reduce harmful greenhouse emissions. #StopBurningStuff

Fleets will lead the way in the EV transition! "Fleet operators that currently employ EV, the new study reveals, have a striking 90% likelihood of acquiring additional EVs in the next acquisition cycle. Among the total sample of fleets owners (those with and without EVs), a vast majority – 87% – expect EVs to be added to their fleets in the next five years." Fleet operators are more practical, data driven and cost driven than retail customers. Fleets are operating a business so if the tool to accomplish the job is better and gets it done for a lower Total Cost of Ownership, they will shift to the new tool. Also, as people have experience driving EVs at work, the fears related to new technology fade and they experience the benefits first hand. That will get more retail customers to consider EVs. Fleets are an often overlooked but very important piece to the EV transition. #EVs #electricvehicles https://lnkd.in/giHmMadM

🚚🔋 Fleet Owners Prefer EVs Over ICE Vehicles — New Cox Automotive Study! 🔋🚚 Discover why fleet owners are increasingly satisfied with electric vehicles (EVs) despite higher acquisition costs and maintenance frequency. According to Cox Automotive’s latest research, “The Future of Fleets: Path to EV Adoption,” fleet operators report higher satisfaction with EVs compared to internal combustion engine (ICE) vehicles, thanks to benefits like lower overall cost of ownership and improved vehicle capabilities. Key insights include: Rising EV Adoption: 87% of fleet owners expect to add EVs in the next five years. Higher Satisfaction: EVs score better on overall satisfaction and cost of ownership. Challenges: Despite high satisfaction, barriers like acquisition costs and charging infrastructure remain. Don’t miss out on these crucial findings about the shift toward EVs in fleet operations. Read the full article for a deep dive into the future of fleet electrification! #FleetManagement #EVAdoption #ElectricVehicles #ChargePoint #CoxAutomotive #FleetSatisfaction #SustainableTransport #GreenFleet #FutureOfFleets #FleetElectrification #EVsVsICE #AutomotiveTrends

Everyone asks me: are fleets really adopting EVs? The short answer is, yes; but here's the data to back it up, from a new Cox Automotive study. Some highlights: 1. 14% of fleets presently operate EVs, with a significant trend toward EV adoption expected in the next five years. 2. Among the total sample of fleets owners (those with and without EVs), a vast majority – 87% – expect EVs to be added to their fleets in the next five years. 3. Fleet owners forecast that the EV share of the average fleet in five years would be 43%. https://lnkd.in/ebqWfX-d

Fleet managers sometimes consider the high initial costs of electric vehicles as an obstacle to adopting EV fleets. However, a closer look at the total cost of ownership typically shows that EVs are more economical than conventional ICE vehicles in the long run. Learn more in this article from Merchants Fleet:

And what if the acquisition costs could be lowered by adding Evolectric - CircularEV™ Solutions to your fleet? Let's save fleet owners some money and get them compliant ASAP!

New research released today by Cox Automotive shows that fleet owners operating both electric vehicles (EVs) and their traditional, fuel-burning counterparts have higher levels of satisfaction with their EVs. The Future of Fleets: Path to EV Adoption suggests that, compared to vehicles powered by internal-combustion engines (ICE), EVs bring higher scores among fleet owners in key metrics such as “overall satisfaction,” “cost of ownership” and “vehicle usage and capabilities.” #electricvehicles #zeroemissions

Some fleet managers may find themselves reevaluating their EV strategies to see what makes sense for their business. The attached article from Automotive Fleet highlights how to tackle this new era of electrification with insights from EFM's own, Roan Oropesa.

Quick article from #AutomotiveFleet on satisfaction of EV's compared to ICE vehicles in corporate fleets. The EV landscape will continue to evolve and scale as EV Adoption continues! In all, the Path to EV Adoption report has 5 key takeaways: 1. EVs are Coming 2. Costs Challenges to Consider 3. Charging Infrastructure Top of Mind 4. Service and Maintenance Opportunities 5. Satisfaction with EVs