The decision to move toward electric vehicles (EVs) is no longer a question of if but a matter of when. Battery technology is rapidly maturing and becoming more reliable and affordable. But there are use cases when early adoption offers a strategic advantage and cases where waiting a little longer fits best.
Budgeting for EVs
The first consideration for all companies is to set a budget for purchasing EVs and for adding charging stations. Also, answer the question: will you lease or rent your vehicles? By taking the time to evaluate your budget, you can place your company in the best financial position possible.
Moving forward, know which stage your company is at with EV adoption.
Immediate or near-term transitions work well in these use cases:
- Sedans, crossovers/SUVs and light-duty vehicles make up your fleet
- You have predictable, repeatable use profiles (last-mile vans for example on consistent routes)
- Your organization emphasizes CSR or sustainability
- Industries are utilities, colleges and universities, government agencies, transportation agencies, and transportation network companies
Long-term transitions may be more suitable for companies with:
- Predominantly heavy-duty vehicles
- Fleets with vehicles that power ancillary equipment
- Applications with high route variance and unpredictable use cases
- Applications catering to widely fluctuating climatic conditions
- Applications with security or defense functions
Whether your company leans toward early adoption or more long-term integrations, there are always next steps moving toward EV adoption. It doesn’t hurt to look ahead where you can set your company up best for EV success.
For early adoption:
- Reserve and order your vehicles (EV demand is projected to outstrip EV supply)
- Install charging solutions and test functionality
- Work with fleet manager to optimize charging operations, and work with local utilities to manage electrical loads while charging
- Educate operators about EV operations, charging and maintenance
Longer integration timelines:
- Create a blueprint for which vehicles to electrify first
- Monitor industry for new EV models and technology developments
- Identify pilot opportunities to try available technology in your operation to better understand its features and benefits and limitations
- Pilot a few vehicles to familiarize yourself with their impact on operations
- Identify opportunities to install or increase electrical capacity for potential charging depots
Through taking the time to consider the stage your company may be at with EV adoption and the purchase factors included, you will be able to successfully implement the most suitable EVs for your business in the next steps. This will save you money, time, investments, and efforts in streamlining your company’s services.
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