Commercial Fleet Electrification: Your Fast Track to Significant Savings

If your lazy summer days feel more like hazy summer days, you’re not alone. Nearly four in 10 Americans live in places with unhealthy levels of air pollution. According to the Environmental Protection Agency (EPA), the transportation sector is responsible for about 28% of greenhouse gas emissions in the United States – the largest contributor of all – with medium and heavy-duty vehicles contributing about 25% of those CO2 emissions. With significant new standards set forth to drastically reduce carbon emissions over the next 10 years, many businesses are considering transitioning to an electric fleet to meet  requirements. In fact, more than four million EVs are projected to join U.S. fleets by 2030, which means that about 12% of U.S. fleets will be electric in just five years.

In addition to complying with government requirements, supporting your company’s sustainability initiatives, and improving air quality for millions of Americans, there’s another reason to consider shifting your fleet to electric – one that directly impacts your bottom line. With significant fuel savings, reduced maintenance costs, and eligibility for government incentives, electrifying your fleet has the potential to save your business money. How? For starters you can…

1. Dump the pump: Although it’s difficult to compare a fully-charged EV to a full gas tank, charging an EV is significantly less expensive than filling an internal combustion engine (ICE) vehicle with gas.
2. Skip the tune-up: Batteries need far less maintenance than engines need. Additionally, EVs incorporate regenerative braking systems that greatly reduce brake pad wear and tear, enabling electric vehicles to drive up to 100,000 miles before replacing brake pads.
3. Cash in on incentives: Incentives, rebates, and credits offered by your local, state, and federal government and your local utility can greatly reduce your initial investment in an EV fleet. For example, the Commercial Clean Vehicle Credit offers a tax credit of up to $40,000 per vehicle. Your state may also offer a rebate, like California’s Clean Vehicle Rebate Project, which offers up to $7,000 on the purchase or lease of up to 30 vehicles.

A better bottom line is certainly a compelling reason, but we understand that shifting all or part of your fleet to electric can seem like an insurmountable task. That’s where Resource Innovations comes in. We’ve got the specific expertise to support a seamless transition so you can start reaping the benefits (and savings) as soon as possible. Just ask JEA customers. Last summer, Resource Innovations partnered with JEA to launch a Fleet Electrification Program designed to transition their commercial fleet customers from ICE vehicles to EVs. The program included financial incentives and specific, step-by-step fleet conversion plans to support customers through the shift. By program close, our transportation transition experts supported 14 JEA customers in the stress-free transition of their fleets from ICE fleets to electric.

Electric fleets are cleaner, quieter, safer, and yes, less expensive to run. The experts at Resource Innovations can support you in transitioning your fleet. Talk to us today to get started.