08/30/2023
The transition from internal combustion engine (ICE) vehicles to battery electric vehicles (BEV) is a major challenge for fleet operators, who need to manage the costs, risks and opportunities of this shift. One way to simplify and optimize this process is to use a single platform that can monitor the ICE to BEV conversion over the next several decades.
A single platform can provide fleet operators with a comprehensive view of their current and future vehicle inventory, as well as the performance, maintenance and charging needs of each vehicle. It can also help them plan and execute the optimal timing and strategy for replacing ICE vehicles with BEVs, based on factors such as vehicle age, mileage, depreciation, fuel efficiency, emissions, incentives and regulations.
A single platform for fleet operators to monitor the ICE to BEV conversion is not only a smart solution, but also a necessary one, as the global market for BEVs is expected to grow rapidly in the coming years. According to a report by BloombergNEF, by 2040, 58% of all passenger vehicle sales and 31% of the global passenger vehicle fleet will be electric. Fleet operators who adopt a single platform early on will have a competitive advantage over those who lag behind or rely on fragmented solutions.
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