13% of North American fleets can be replaced by EVs today

Up to 13% of North American corporate fleets can be replaced by range-capable EVs today, a study by Geotab and Enterprise Fleet Management suggests. As EV pickups enter the market, that share will rise to 45%. The savings – both in terms of cost and emissions – would be significant.

The figures come from one of the largest EV Suitability Assessments (EVSAs) ever conducted by Geotab, the IoT and connectivity specialist, together with Enterprise Fleet Management, which manages just shy of 650,000 vehicles across North America.

With sustainability standards on the rise in North America, the pressure is on for corporates to electrify their fleets. Just how many are ready to be electrified right now? To answer that question, the assessment looked at more than 91,000 leased vehicles managed by Enterprise. Some key results:

• About 12,000 of the vehicles analysed (i.e. 13%) could be replaced by range-capable EVs today. That would result in total potential savings of $33 million, and 194,000 tons of tailpipe CO2 emissions, over a four-year period.
• About 42,000 of the vehicles analysed (i.e. 42%) could be replaced by range-capable EVs, if and when EV pickups enter the market. That would result in total potential savings of 1.3 million tons of tailpipe CO2 emissions, again over a four-year period. 
• Electrifying that share of Enterprise’s fleet would result in potential cost savings of $167 million, or just over $4,050 per vehicle. 

By analysing a fleet’s driving profiles and patterns, Geotab’s EVSA tool offers data-driven recommendations for EV adoption. Using a large slice of Enterprise’s leased fleet, this assessment delivers results on an unprecedented scale. 

The results will help Enterprise better understand how the shift to EVs will affect its business today and beyond, and enable it to better advise its customers who wish to start electrifying their fleet. 

Image: A truckload of Teslas near Bakersfield, California. (Shutterstock)