Starting Your EV Transition

Starting Your EV Transition

As we approach the second part of the year, EVs remain a major topic of conversation. There has been a large amount significant announcements from both legacy and startup OEMs. In addition, the market is ready for EVs to be in huge demand when they start hititng the road. The demand for electric semis in the U.S. is anticipated to increase by 6.9 million units by 2025, a rise from 1.4 million units in 2020, but the available inventory is not expected to meet the demand for at the minimum of the next five years. This inconsistency between supply and demand means the need to start now if they wish to take advantage of fleet electrification.

Even fleets that may be taking a “wait and see” approach due to questions about range or fit for application should begin planning. The variety of EV makes and models are expanding while internal combustion engine [ICE] vehicle production is projected to remain flat and ultimately slow down. According to BloombergNEF, several OEMs like Ford, GM, and Honda plan to phase out ICE vehicles within the next 10-15 years. In addition to traditional OEMs, new and emerging OEMs are entering the space as well to produce even more EV options across classes. EVs are also becoming more affordable and improving their capabilities: battery prices have dropped nearly 90% over the past 10 years, and BloombergNEF is projecting that EVs will reach price parity with ICE vehicles by 2025.

Rapidly Changing Landscape

With the rapidly changing landscape many fleet managers will likely be tasked with executing on C-suite and regional mandates around sustainability. What this this means is managing the transition from the traditional gasoline or diesel-powered fleet to one that incorporates zero emissions vehicles or electric semis. At the least, fleet managers will want to get ahead of the EV wave that is coming and be prepared on several fronts, from infrastructure to acquisitions to driver training & policies.

The main question surrounding EV transition is, how does a business begin the proces? What steps need to be taken today to prepare for an electric tomorrow? At Eco Routing we have broken it down into five essential steps:

  • Learn about the EV Landscape
  • Align Organizational Goals Around EVs
  • Develop a Plan for the EV Initiative
  • Run an EV Pilot Project
  • Adopt the EV Pilot into the Business Model

We dive into each of these steps in our latest eguide, The Road to EV Adoption: 7 Fleet Services Required for Successful EV Implementation Infographic, which you can down load by clicking on the name of each.

In Conclusion-Starting Your EV Transition

Most importantly, committing to taking the first step is essential. Regardless if you are in your EV planning, your fleet partners can assist you in navigating that journey from strategy to execution. Lean on their expertise and know they are here to walk you through the process. Eco Routing recently started our program to help you identify the best path forward for your organization to begin adopting EVs.