Catalysts & Barriers to Commercial Fleet EV Adoption
The evolution to electrification isn’t merely about switching to a new propulsion type. It also requires an evolution of how we provision vehicles and power them, in addition to a shift to new business models to help make EVs financially viable.
Excerpt from Automotive Fleet article, written by Chris Brown
This is a complicated endeavor: In the before times, when an automaker, body manufacturer, upfitter, or Tier 1 supplier would tell the world they were producing a new vehicle or product, it was generally accepted that they’d make good on the stated timeframe for release — and that the vehicle or product was, in fact, market viable.
But that was then. The EV migration comes in the midst of continuing supply chain disruptions and an influx of new, untested manufacturers. To be sure, these new technologies and systems are advancing transportation faster than ever before. But how can we know what’s real, and when these products will make it to market? How do we know what business models will win?
Follow the money. Funding entities are choosing horses on the systems that will be the most efficient, return the most value, and meet the needs of commercial operators and fleets.
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