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Fleet FAQ? Fuel Management

Q. EV charging has become an environmental mandate for many fleets. What is the forecast for a wider EV rollout?

A. Demand for EV charging is definitely growing. EV sales in the U.S. increased 21 percent from 2016 to 2017, with 26 consecutive months of year-over-year increases. So, vehicle manufacturers naturally are putting a lot more R&D into these models, as we are seeing now in longer travel ranges and higher demand for charging stations. We love to see fleets leaning in to the future, because that demands more of us as suppliers. We see it as a growth opportunity with tremendous innovation and competition. However it shakes out, we obviously want the trusted partnerships we’ve developed with our customers over time to survive this transition many fleets will be making. While issues remain – How do you process an EV charge? How do you invoice it? How do you marry that data stream to your liquid fueling reports, or your telematics data? – WEX is close to being able to deliver a fueling experience at an EV station that’s identical to the experience they get with traditional fuels. That’s our goal: EV charging stations that not only accept WEX Fleet Cards, but protects and reports on the transaction in the way only WEX has been able to over the period of nearly 40 years. EV is available in spots now. The typical early adopters – huge commercial fleets, government agencies and other organizations with mandates – are using it now. We think pervasive, commercial EV charging will be available to commercial fleets anywhere certainly within the decade.

Expert Bio

Answered by : Bernie Kanavagh from WEX

Senior Vice President and General Manager

A 27-year fleet professional, Bernie Kavanagh currently serves as Senior Vice President and General Manager of Large Fleet at WEX Inc. He joined the company in 1996 and his career has been a steady progression of increased sales and marketing responsibility. Kavanagh serves on industry related boards and is a frequent speaker at payment industry conferences focusing on fuel trends and technology in the payment space. He earned a bachelor’s degree from the College of New Jersey and is an active member of NAFA, AFLA, NCSFA and AALA. Prior to joining WEX, Kavanagh held a number of roles with Enterprise Rent-A-Car and Enterprise Fleet Management.

A 27-year fleet professional, Bernie Kavanagh currently serves as Senior Vice President and General Manager of Large Fleet at WEX Inc. He joined the company in 1996 and his career has been a steady progression of increased sales and marketing responsibility. Kavanagh serves on industry related boards and is a frequent speaker at payment industry conferences focusing on fuel trends and technology in the payment space. He earned a bachelor’s degree from the College of New Jersey and is an active member of NAFA, AFLA, NCSFA and AALA. Prior to joining WEX, Kavanagh held a number of roles with Enterprise Rent-A-Car and Enterprise Fleet Management.

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Fleet FAQ? Fuel Management, Questions?

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