Fleet Electrification

Benefits of Switching to an Electric Vehicle Fleet

Now is the time to consider making the switch to an electric fleet. More and more businesses are considering the significant benefits they can gain from deploying electric vehicles in their fleet. In fact, electric vehicles (EVs) may comprise 10%-15% of commercial and passenger fleets by 2030. With an electric vehicle fleet, you can lower your operating costs, reduce maintenance, and support your company’s sustainability goals. Plus, electric vehicles can last longer than non-electric vehicles.

  • Fleet electrification can make good financial sense, as EVs cost less to maintain, and you don’t have to plan for the volatility of fuel prices. Electricity prices are more stable, so companies can budget fueling costs with confidence. Plus, EV batteries are covered by a minimum warranty of 8 years or 100,000 miles.

    Source: https://advocacy.consumerreports.org/wp-content/uploads/2020/09/Maintenance-Cost-White-Paper-9.24.20-1.pdf

  • Since EVs have fewer moving parts, there’s less opportunity for things to go wrong. There is no oil, spark plugs, or transmission fluid to change, and they have a longer brake life. This means lower maintenance costs for an electric vehicle fleet. Windshield wiper fluid and tires are generally the only things that EVs require as routine maintenance.

    Sources: https://advocacy.consumerreports.org/wp-content/uploads/2020/09/Maintenance-Cost-White-Paper-9.24.20-1.pdf
    https://www.consumerreports.org/car-repair-maintenance/pay-less-for-vehicle-maintenance-with-an-ev/

  • An electric vehicle fleet can be part of a larger strategy for reaching your company’s sustainability goals by decreasing CO2 and other harmful greenhouse gases. Plus, employees who spend hours in fleet vehicles will benefit from less noise and vibration which could improve employee health, satisfaction and retention.

    Sources: https://www.epa.gov/report-environment/greenhouse-gases
    https://www.greencarreports.com/news/1128505_canadian-study-each-ev-brings-better-health-7-500-in-social-benefits

     

  • EVs offer instant torque, providing quick, smooth, responsive acceleration. Electric vehicle batteries also provide a low center of gravity which improves handling, responsiveness and ride comfort.

    Source: https://evannex.com/blogs/news/electric-cars-superior-performance-explained

Questions? We can help.

We’re excited to help your business make fleet electrification a success. Reach out to us via email and we’ll be in touch with you.

Tips for Going Electric

1. Let’s communicate!

Service upgrades can take anywhere from a few months to two years, so it is important to engage us as soon as possible to accomplish your electrification goals most efficiently. 


2. We’ll help with the math.

While electric fleet vehicles can require a bigger initial investment than traditional fleet vehicles, they can bring significant fuel cost savings. We’re here to help your business evaluate the best electric rates and charging schedule to optimize your business case for fleet electrification.


3. What’s the plan for charging?

We can help fleet operators make a holistic evaluation of their electricity supply costs and any infrastructure upgrade costs prior to embarking on a fleet electrification project. We’ll also help you consider right-sizing, interoperability and site design when evaluating charging infrastructure options.


4. Get ready to work closely together.

Just as fleet managers must work closely with managers of other fuel sources, managers of electric vehicle fleets will also want to work closely with their facility and energy managers.


5. Prepare to think about fuel availability in new ways.

When electricity becomes your fuel, certain situations will require you to plan for different approaches to managing your fuel supply, including backup generation or redundant electric services.


6. Ask us about options to manage costs.

As the operator of an electric vehicle fleet, you can manage your costs by optimizing your operating profile of charging solutions and schedules, as well as working with us to find the best rate for your business.

Fleet Electrification Calculator

Use our interactive calculator to find out how much your company could save by converting your fleet to electric vehicles.

Frequently Asked Questions

  • There are a variety available now, with more coming fast in the next few years. According to EPRI, there are over 100 new light duty vehicles coming out in the next few years. More versions of medium duty and heavy-duty vehicles are coming out in 2021-2022.

     

  • Duke Energy will work with you to provide guidance on the best configuration for charging your vehicles. Depending on your vehicle and operational requirements, it may be possible to use public infrastructure. Or on-site charging may be the best option.
  • Currently there is no specific rate for EV charging. However, we will work with your company to provide guidance on how to get the most value out of your EV fleet. Standard Duke Energy rates are very competitive. In almost all situations, electricity costs will be much lower than gasoline or diesel.
  • The timing will vary depending on the number and type of vehicles in your fleet. To limit any delays, it is very important to contact Duke Energy as soon as you begin to consider electrification.
  • Electricity powers vehicles far more efficiently and has no oil, spark plug, transmission fluid, timing belt or oil to change. According to the Department of Energy, "on average, it costs about half as much to drive an electric vehicle." (https://www.energy.gov/maps/egallon)
  • There are various federal, state and local incentives available. They include grants for transit buses and school buses, and tax credits for vehicle and infrastructure purchases. Other sources include Volkswagen Environmental Mitigation funds. For a review of what may be available for your operations, contact us. 
  • Companies can charge their fleet whenever needed. In many cases, companies can also maximize fuel savings by aligning operational charge times with the best commercial rate available (i.e., off-peak charging). Duke Energy can educate you on the options available specific to your operational needs.
  • All sorts of businesses are transitioning to electric fleets. Case studies:

  • An electric fleet can reduce your emissions and lower your business’s overall carbon footprint.
  • Electric vehicles can operate in parallel with gasoline and diesel vehicles. In most situations, fleet electrification will occur in phases, rather than replacing all vehicles at once. We can help you develop a plan that takes both near-term and long-term plans into account.
  • Operational costs, including fuel and maintenance, are lower for electric vehicles than their gas and diesel counterparts. However, the purchase price of electric vehicles can be more expensive. Your savings will depend on several factors, including miles driven and individual fuel and maintenance costs. As battery prices continue to decline and vehicle production volumes increase, the purchase price of EVs should decline and contribute to more savings.
  • Electric vehicles today are available to meet many daily range requirements without recharging. However, longer routes will require recharging. When planning for fleet electrification, it is important to identify charging requirements and availability.
  • The purchase of EVs should match the duty cycle of vehicle requirements. When EVs are available that meet a particular duty cycle, an evaluation should be done for total cost of ownership (TCO) and sustainability benefits.
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