Fleet Managers Face Continued Challenges in Leveraging Advanced Data for EV Transition

Survey results from EVAI underscore the challenges fleet managers face in accessing the right total cost of ownership (TCO) data to make informed decisions about EV adoption. Despite the clear benefits of transitioning to EVs, many fleet managers struggle with high upfront costs, charging infrastructure concerns, and uncertain resale value. Additionally, the lack of accurate financial modeling tools and real-time data further complicates the decision-making process.

"Clearly there is growing interest and continued commitment toward electric vehicle adoption among fleet managers,” says Ian Gardner, founder and CEO of EVAI. “However, the survey results highlight significant challenges that need to be addressed to facilitate this transition. We understand the frustrations fleet managers face in accessing accurate and comprehensive TCO data. Our mission is to provide advanced tools and real-time insights that empower fleet managers to make informed decisions, optimize their operations, and achieve their sustainability goals. By leveraging cutting-edge technology and predictive analytics, we aim to simplify the EV transition process and drive the future of fleet management by making sure the right EV and charging solution is selected and then managing the EV fleet ecosystem to deliver the ROI promised." 

Key takeaways:

• 41% of respondents manage fleets with 51-100 vehicles, while 39% oversee fleets with 101-plus vehicles. 
• 41% of fleets are partially transitioned to EVs, and 40% are exploring options but have not yet transitioned. 
• High upfront costs (20%), charging infrastructure concerns (20%), and uncertain resale value (20%) are the top reasons for not transitioning to EVs. 
• Lower operational costs (20%), sustainability/ESG goals (20%), and government incentives (20%) are the primary drivers for converting to EVs. 
• 41% of respondents track TCO rigorously, while 40% need better tools for TCO tracking. 
• Vehicle purchase price (29%) and charging infrastructure costs (21%) are the most important cost factors when evaluating EV TCO. 
• The majority of respondents (70%) consider long-term operational savings when thinking about fleet EV costs. 
• Fuel/energy efficiency (21%) and maintenance costs (21%) are the top KPIs used to assess EV fleet performance. 
• 41% of respondents are very likely to accelerate EV adoption if real-time TCO insights and management tools are available. 
• Cost comparisons of EVs vs. ICE vehicles over time (41%) and predictive analytics on battery performance (39%) are the most needed data for making informed EV adoption decisions.