SERVICES
Open-End Leasing – Your Key to Business FlexibilityLeasing allows the business to pay for only the portion of the vehicles they use. This reduces the monthly payment when compared to financing a vehicle where you pay and finance 100% of the vehicle and pay tax on the total price.
Is Your EV Fleet Prepared for a Lithium-ion Battery Fire?When compared to gasoline and hybrid vehicles, electric cars have the lowest number of fires per 100,000 sales. Electric vehicles are powered by lithium-ion batteries and EV fires are typically related to the battery. While electric vehicle fires occur less frequently, they burn longer and hotter than other fires. This is due to a chemical reaction in the battery called thermal runaway.
BEST PRACTICES – MANAGING AN EV FLEETElectric vehicle (EV) fleet management requires a different approach compared to managing a fleet of traditional combustion engine vehicles. Here are some best practices for EV fleet management:
Managing Vehicle Lifecycles in High-Mileage ScenariosWhen it comes to football, vehicle shortages and supply chain interruptions, “The best defense is a strong offense,” says a fleet manager for the Tennant Company. The past year or two has been particularly challenging for fleet managers, so many are finding it necessary to employ a variety of tactics in order to stem losses, delays, or added costs.
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In November 2021, a panel of EV experts shared their insights at the 2021 Fleet Forward Conference on how others have made the transition towards electrification. Each fleet is unique and requires a customized approach. Here are the key takeaways.
The U.S. Energy Information Administration (EIA) predicts a one percent per year growth until 2050 for light-duty electric vehicles (LDV). LDV is defined as “passenger and fleet cars and trucks with a gross vehicle weight rating of 8,500 pounds or less.” This segment is expected to increase from today’s .7% to 31% by 2050!
Recently, the quarterly Manheim Used Vehicle Value InThe Corporate Electric Vehicle Alliance, which includes members such as Best Buy, Amazon, and DHL, recently met with top vehicle manufacturers to outline a roadmap for the types of electric vehicles they plan to acquire over the next five years.
Recently, the quarterly Manheim Used Vehicle Value Index call was held to review market performance from the end of 2021 and the market view going into 2022. A key topic of discussion: Has the significant increase in used vehicle prices set the market up for a crash in 2022?
GPS technology and other telematics provide actionable fleet intelligence technology that delivers real-time insights and help with overall fleet management. Extending fleet life is one such benefit, and is achieved by monitoring usage, hours and driving habits which can better inform lifecycle management.
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