The plug-in electric vehicle (PEV) fleet population is expected to account for 12 percent of the overall fleet vehicle population by 2030 from less than 1 percent in 2018, according to a new report from Navigant Research.
Innovations in battery, energy economics, and government regulation of transportation pollution are driving fleet electrification.
Cost reductions in batteries and other PEV technologies are reducing the purchase price of PEVs, while governments are incentivizing adoption with purchase incentives and emissions reduction goals.
“Fleet electrification has focused on the LDV segment to date. Recent developments with electric MHDVs point toward encouraging signs of future growth in that segment,” says Raquel Soat, research analyst with Navigant Research.
For example, the 2017 introduction of the Tesla Semi, BYD’s debut of its refuse truck in 2018, and the success of electric buses in China over the last 4 years all show momentum toward larger fleet electrification.
Many fleets have made commitments to use electricity in all or part of their vehicles in the next decade, including large MHDV fleets such as DHL, UPS, FedEx, and several city bus fleets in China.