Report highlights potential for fleet electrification

TORONTO — Electric vehicles could prevent light-duty fleets from using 2.2 billion gallons of fuel while avoiding roughly 19 million metric tonnes of CO2 emissions over the next seven years, according to a new report from Geotab.

The report, entitled Taking Charge: On the road to the EV Future, focuses on fleet electrification and offers insights into EVs for commercial fleets. With data sourced from over two million vehicles globally, the study looks at the potential for electrification to make fleet operations more efficient, improve cost management and meet established sustainability goals.

“By leveraging real-world data insights, we can demonstrate the operational and economic viability of EVs across a wide range of fleet applications,” said Eric Mallia, Geotab’s vice-president of sustainability solutions. “The opportunities for fleets to electrify will continue to grow with better data insights spotlighting challenges and solutions to accelerating adoption, ultimately improving outcomes for business and the planet.”

The report explores the feasibility of transitioning from internal combustion engine (ICE) vehicles to EVs in light-duty fleets, analyzing global daily vehicle usage patterns and aggregating data from Europe and North America. It expands on the electrification opportunities by characterizing today’s medium- and heavy-duty vehicle usage in the US and Canada, offering insights into zero-emission commercial transportation opportunities.

The report consists of three key studies on light-duty EV suitability assessment; medium/heavy duty electrification potential; and charging behavior analysis from aggregate data.

Among the key findings are:

  • 75 per cent of analyzed light-duty ICE vehicles could be replaced with range-capable battery electric vehicles today.
  • 41 per cent of analyzed light-duty ICE vehicles were considered cost-effective and range capable, potentially saving around $16,000 per vehicle over 7 years, on average.
  • Transitioning just the cost-effective light-duty ICE vehicles to EVs could prevent the use of 2.2 billion gallons of fuel and avoid around 19 million metric tons of CO2 emissions over the next seven years.
  • 81 per cent of medium-duty ICE vehicles have a daily average distance of less than 150 miles, and 58 per cent of heavy-duty trucks have a daily average distance of less than 200 miles, each is within the range of electric trucks on the market, indicating the opportunity for electrification today.
  • Charging behaviour analysis reveals missed opportunities for fully utilizing EVs, with 45 per cent of European and 65 per cent of North American charge sessions occurring before the battery drops to half.

“These analyses have shown that many fleet applications and fleet duty cycles could be fulfilled by an EV, reinforcing our belief that EVs are key to unlocking sustainable fleet operations today,” said Charlotte Argue, Geotab’s senior manager of sustainable mobility. “We have uncovered a roadmap for fleet electrification that aligns with sustainability objectives, and presents a compelling case for a zero emission transition.”