Can Corporate Fleets Kickstart the Electric Vehicle Industry?
Last week, GE committed to the single largest electric vehicle purchase commitment ever–25,000 EVs over the next five years for the company fleet. The move suggested that commercial fleets can be a powerful driving force in the nascent EV industry. The Electrification Coalition (EC), a group made up of auto and power industry executives, confirms it with the Fleet Electrification Roadmap, a report that makes the business case for the 16 million electric fleet vehicles in the U.S. As the GE purchase demonstrated, corporations have the cash to buy large amounts of EVs. That means a big purchase can quickly ramp up battery and parts production in the EV supply chain–a benefit for both fleets and private EV customers. But that’s not the only reason why EVs make sense for fleets. The EC explains: Most significantly, fleet owners may be more willing than individual consumers to focus on total cost of vehicle ownership as opposed to upfront costs. This approach advantages the economic dynam
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