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SEARCHThe new tool tracks charging costs for fleet vehicles that employees charge at their homes.
The calculator shows the savings that can be achieved by adopting a home-based EV charging strategy versus relying on public charging stations.
Graphic: MoveEV
Fleet managers running electric vehicles can now use a home charging savings calculator from MoveEV that tracks energy expenses.
MoveEV, an AI-powered EV transition company that helps organizations convert fleet and employee-owned gas vehicles to electric, unveiled the tool on March 5.
The online calculator is designed to show the savings that can be achieved by adopting a home-based EV charging strategy versus relying on public charging stations.
The calculator requests simple inputs: the type of electric vehicle (sedan, truck, SUV), average annual mileage, and vehicle range. Using the national average costs for charging — $.48/kWh for DC fast charging and $.16/kWh for residential charging — the calculator estimates the potential savings for fleets that adopt a home-based charging approach.
For example, a fleet with 25 Ford F-150 Lightning all-electric trucks driving 15,000 miles each a year could save 10 cents per mile, $1,470 per year per vehicle, and a total of $183,750 for the fleet over a 5-year lifecycle.
“MoveEV’s home charging savings calculator is an eye popper in an industry where saving a few cents per mile is a big achievement,” says Tony MacDonald, former senior executive at Enterprise Fleet Management, in a news release. “It makes it crystal clear that EV home charging is a game-changer for fleet management.”
The calculator can help promote efficient fleet management practices and accelerate adoption of electric vehicles in fleets of all sizes.
The company's flagship product, ReimburseEV, supports employee adoption of corporate charge-at-home policies by offering accurate, IRS-compliant receipts for their home energy use. Thanks to its compatibility with all vehicles and chargers, it has become a preferred choice for Fortune 500 companies and municipalities.
"Showing the ROI of electrification is essential if we want fleet managers to embrace the switch to electric vehicles,” said David Lewis, CEO of MoveEV. “Home charging not only can reduce the need for costly depot chargers onsite but can free up hundreds of thousands of dollars that can go back into the EV program. The calculator helps highlight how big the win here can be for even a relatively small fleet.”
Detroit-based company says it has begun early development of a system to convert internal combustion Ram 5500 chassis-cab trucks to electric power.
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