Does it seem daunting to replace your fleet of fuel-powered vehicles with electric vehicles? That’s natural; change is hard and sometimes confusing. But the transition will be smoother if you start sooner, and Core Development Group can be your guide to the promising road ahead, pointing out opportunities that will benefit both you and your community.
The move to electric vehicles (EVs) and EV fleets is inevitable and evolving quickly. The Infrastructure Investment and Jobs Act has provided more than $7 billion in funding for electric vehicles, including the creation of a nationwide network of half a million electric vehicle chargers distributed along the country’s interstate highway system. This move increases momentum for the shift to EVs and acts as a strong tailwind for the EV charging industry.
“The U.S. automobile transition from combustion engines to EVs is moving fast,” said Core Development Group CEO Henry Cortes. “Helping organizations convert standard fleet vehicles to electric vehicles (EVs) takes time, strategy, experience, and education.”
Businesses and municipal organizations can reap significant environmental, financial, reputational, and operational benefits from embracing EV technology sooner rather than later. Building and maintaining large-scale EV fleets is going to take more than just purchasing a bunch of vehicles and plugging them into a wall socket.
The EV transition is going to require investment in new charging infrastructure, both private and public, to help manage energy supplies and consumption for a diverse array of vehicles, including medium- and heavy-duty trucks that dominate maintenance and delivery fleets. Fleet owners are going to need to work with utilities to upgrade the electrical grid at the connection point and in some cases contribute to needed upgrades in the grid backbone.
Core Development Group is already working with Fortune 100 companies and large fleets of delivery trucks to build an electrified energy-transportation infrastructure network of the future.
“We’ve learned a lot over the past several years on how to best make EV fleet transitions as simple, low risk, and cost-effective as possible,” Cortes said.
Evidence strongly suggests that it’s much more profitable to own a fleet of EVs than traditional internal combustion vehicles. EVs typically cost more initially, but they require less maintenance than conventional vehicles. Moreover, facility charging stations enable EVs to charge overnight and during idle times.
The expected savings for fleet vehicles is substantially greater than personal EVs, due to the utilization profile of the typical delivery or maintenance vehicle, which spends a far greater percentage of the day on the road. When you scale those savings out to dozens, hundreds, or even thousands of fleet vehicles, it’s clear why there’s an attractive business case for making the EV transition.
“Electrification represents an appealing opportunity for fleet owners and managers, especially when factoring in the enormous, anticipated investments by the federal government over the next decade that will help drive down costs,” Cortes said. “Businesses need to invest now in smart grid technology that helps them better manage energy demand and consumption, enabling them to charge their fleets sustainably.
“Working together with local utilities, regulators, and suppliers, fleet operators can make important strides in meeting the nation’s climate goals through electrification of fleets, a strategy that can also yield considerable economic benefits.”
Overcoming the challenges of moving to an EV fleet can appear daunting. Core Development Group has experience with 15,000 EV chargers and is uniquely positioned to provide insightful solutions that help solve the challenges of EV adoption. Leverage Core Development Group’s expertise in fleet electrification to help reduce risk and make the transition to EVs less complicated.