Something is coming to replace the old traditional gas station: the electric car charging station that is steadily changing where EV drivers refuel. Unlike gas vehicles that require a weekly visit to the gas station, electric vehicles can start every day with a “full tank” of electricity. Up until now, the focus has been on EV charging at workplaces, homes, and public parking. But with the advent of commercial EVs, corporations are now converting their electric fleets. Here are four reasons why your company should consider investing in EV fleets and EV fleet charging.

1. EV Fleets Will Increase Substantially in the Next Decade

By 2030, the number of electric vehicles in North America is projected to reach 18.7 million. This represents 7% of the 259 million vehicles expected to be on U.S. roads that year! Of those 18.7 million EVs, experts estimate that around 8 million will be fleet vehicles. That means that in less than 10 years, your company will likely have an electric fleet or will be planning one. It also means that you’ll need fleet charging systems to help you manage your fleet vehicles.

2. Fleet Management Helps You Track Electricity

As a fleet manager, tracking the amount of energy used by each of your vehicles will help you manage your charging program more effectively. Smart EV fleet systems help you monitor your fleet vehicles’ energy consumption on a real-time basis. Smart EV fleet solutions also allow you to monitor the fees charged when your vehicles use public chargers. Having exact figures of how much energy your fleet vehicles use will help you plan better for the departure and arrival times of each of your fleet vehicles.

3. EV Fleets Help You Save Money

Another benefit to EV fleets is that you can manage the electrical load to reduce program costs. Not only is your power generated by the local energy markets (thus leaving behind the ever-changing oil prices), but you can also schedule charging to capitalize on off-peak and partial peak electricity rates. When using EV fleet applications, you can save more money by scheduling charging sessions when electricity rates are down. According to McKinsey, “fleet EVs can have a total cost of ownership that is 15 to 25 percent less than that of equivalent ICE vehicles by 2030.” Lower fuel costs combined with less vehicle maintenance allows you to reduce your cost of operations substantially.

4. EV Fleet Charging Solutions Help You Expand Your Business

Finally, EV fleets and EV fleet management software give you the tools you need to expand your company. With charging network software & EV fleet management system, you can leverage the robust set of reports and analytics when making decisions. Maybe you need to invest in more electric car charging stations, or you need to buy more electric vehicles to expand your operations. With more insight on your fleets, you can make more informed decisions.

Smart EV charging system data also helps you establish your actual operation costs. You know each vehicle’s charging time and energy consumption, money spent at public chargers, and the total cost of energy required to run your fleet. This helps you make swift management and operational decisions in the daily running of your business. Ultimately, this will allow you to seamlessly grow your company because you can plan for future needs.

Ready to get started with your company’s new EV fleet? Click here to request your quote for smart networked EV charging stations.