Fleet electrification is now at a point we might call “technological and economic maturity.” As it relates to electric vehicles (EVs), they’re becoming increasingly affordable, cost effective, capable, and able to perform nearly all the functions of ICE (internal combustion engine) vehicles.
Full vehicle electrification means zero tail pipe emissions, and this fundamental transformation of powertrain technology can, and will, yield a similarly transformational moment for the planet, as vehicle exhaust emissions are greatly reduced, and air quality improves.
While it’s not yet possible to replace every ICE vehicle in the world with an EV, one area ripe for change is fleets. Whether it’s a multinational delivery company, or your local county government, organizations all over North America are seeing the long-term benefits of adopting EVs into their fleets. Our Adopt EV initiative at Merchants Fleet is aimed at helping organizations plan for this critical transition.
One of the biggest vehicle segments of polluters in the world is ICE fleets. Every day, millions of ICE vehicles take to the roads and highways of the world to deliver the goods and services that support our modern societies. For any company with a fleet, transitioning away from emissions-heavy vehicles to zero emissions and trucks offer a huge, proportional decline in greenhouse gas emissions. For these companies, the fastest path to meeting corporate environmental goals is integrating EVs into their ESG (environmental, social and governance) strategies.
ESG is often referred to as sustainability in a business context, but it’s also directly related to a company’s business model; that is, how its products and services contribute to sustainable development. It’s also about a company’s growth and risk management – as in how it manages its own operations to minimize negative impact.
As organizations adopt and embrace the global ESG push, EVs will play a key role. The speed, simplicity, and effectiveness of adopting EVs can be illustrated in the following examples.
Imagine a mid-sized bakery that delivers bread in a city. The bakery might have several ICE delivery vans that bring baked goods and breads to restaurants and various customers, but it also wants to align with ESG goals it has set for itself. In the short term, the bakery might not have the ability to quickly reinvent a more sustainable way to make bread or the time to source sustainably farmed raw materials. But switching to an An EV-based fleet, which can be done relatively quickly, not only has an immediate benefit for their town’s air, but also almost instantly provides the bakery with a big checkmark in the ESG column, and gives them more time to evaluate better, more sustainable ways to produce their goods.
Similarly, a giant international plastics company might not have the advanced engineering technologies to make plastics from renewable raw materials. But what it can do is offset its emission footprint by adopting the hundreds if not thousands of EVs it will use to deliver product across the globe.
In almost every case, converting to EVs allows a company to say with conviction that “we are truly doing something big for sustainability,” without disrupting every component of their day-to-day operations.
The EV revolution is here, and this technology is only getting more powerful, efficient, and affordable. The sooner that you, the local bakery, and the large multi-national plastics maker begin to leverage this technology, the sooner you can start saving money, make your business more sustainable, and position yourself as an industry leader. Converting even a small percentage of ICE vehicles on the road today to a zero-emission powertrain can result in truly remarkable results for both your business and the planet.
Trusted EV experts can help organizations navigate the EV adoption journey by implementing implementation frameworks to both strategically and logistically prepare the organization for the electrification of its fleet and a sustainable tomorrow.
Guest articles reflect the opinions of the bylined authors and not necessarily those of TriplePundit’s editors and writers.
Image credit: Andrew Roberts via Unsplash
Hari Nayar is Director of Electrification and Sustainability at Merchants Fleet. Mr. Nayar’s core focus is providing fleet clients with the tools and insights they need to make a seamless and cost-effective entry into the EV market. His role also includes defining the company’s EV market strategy, advising on the company’s ESG plans and road map, and driving product development for electric vehicles and charging infrastructure.