Fleet Management in an All-Electric World
RELEVANCE OF ELECTRIC FLEETS
Electric vehicles (EVs) are one of the fastest-growing modes of transport, across multiple vehicle types, such as cars, transit buses, delivery vans, and electric bikes. This market is quickly moving toward maturity due to the increased demand, the growing availability of diverse vehicle models, and initiatives to expand charging infrastructure. As per EY’s report, the percentage of electric vehicles on roads is expected to reach 65% in the US by 2050. That’s a jump from 2 million EVs to 88 million over 30 years, with EVs already starting to achieve cost parity with internal combustion engine (ICE) vehicles.