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More than 60 % of fleets would see financial gains if they transitioned to electric today
The latest EV suitability assessment from Geotab, the fleet tracking and management specialist, finds North American companies that delay fleet electrification risk a hit to their bottom line.
Every day that goes by, the financial case for widespread fleet electrification grows stronger. A new study from Geotab, an Oakville, Ont.-based fleet tracking and management services firm, shows that North American companies that continue to use combustion vehicles instead of EVs are paying out hefty sums in avoidable costs.
The study looked at EV suitability for 179,000 vehicles (cars, SUVs and minivans) across 3,500 North American companies. Those companies represent 24 individual sectors. The criteria involved taking the actual daily vehicle usage rates and trip temperature conditions over a year and comparing them to the performance of EVs available on the market. Then the total cost of ownership between the combustion and electric vehicle offerings are compared.
Read the whole news on electricautonomy.ca