Geotab study shows a rise in commercial EV and technology adoption helping companies reach sustainability goals
June 29, 2023
By Canadian Manufacturing
TORONTO — Consumer electric vehicle sales continue to rise due to incentives, improved batteries, range and charging infrastructure. Meanwhile, the demand for the electrification of commercial vehicles is also increasing. In 2022, almost 66,000 electric buses and 60,000 medium- and heavy-duty trucks were sold worldwide. New data insights from Geotab Inc., a provider of connected transportation solutions, reveal a significant increase in electric vehicle usage among fleets, as well as further investment from organizations in connected technology to help them reach sustainability and efficiency goals.
Challenging market conditions, including fluctuating fuel prices, high maintenance costs and supply chain issues, place continued pressure on fleets. Increasingly, fleets are now leveraging connected vehicle solutions to help achieve efficiency gains, and improve fuel and operating cost bottom lines, all while meeting emissions reduction requirements.
Sustainable fleet solutions provide fleets with the necessary data insights to understand current performance, contribute to informed business decisions and drive efficiencies. In the Geotab Greening the Fleet survey of U.S. fleet professionals, 69% reported that their fleet sustainability data helped their organization reduce operating costs in the past year.
Summary of findings from the past year:
- 30% growth in the number of connected EVs on the Geotab platform.
- 50% growth in users of sustainable fleet solutions with an increasing number of customers utilizing more than one solution.
- 50% increase in demand for the Green Fleet Dashboard.
- 31% rise in demand for the Geotab EV Suitability Assessment.
“Sustainability is an investment for the planet and for business growth and competitiveness. The worldwide demand for sustainable fleet solutions is increasing as companies see how these data-driven tools benefit both environmental performance and their bottom line. The Geotab Green Fleet Dashboard and EV Suitability Assessment are essential tools for the next-generation sustainable fleet,” said Eric Mallia, Vice President, Sustainability Solutions.
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