Fleet Advantage is offering practical solutions to EV transition

Fleet Advantage has launched at the IAA Transportation 24 Conference its 'EV Path' programme designed to support heavy duty fleet organisations in their transition to electric vehicle (EV) and alternative fuel trucks

Developed to provide a practical solution, the new programme will match the monthly lease payment on the lease of the electric truck, to that of a diesel truck, which represents a more digestible investment level for the fleet. This could represent savings to the fleet of up to US$3,000.00 per truck, per month, in addition to off-loading the bulk of the equipment’s residual risk. 

Fleet Advantage is also planning a rollout later this year of an extension of its fleet services offerings where they will introduce additional consultative services to help fleet clients with a suite of solutions to maximise the acquisition, utilisation, maintenance, and surrender of EV and alternative fuel truck leases.

In an industry benchmark survey conducted in February 2023, 65% of respondents said they were most interested in electric trucks, while 15% cited hydrogen and 25% CNG. 45% of the respondents also noted that the time frame to deploy alternative fuel trucks would be 5-10 years. This past year in a follow up survey it was noted that those numbers were shifting, with 33.3% indicating EV over the next 5-7 years (29.6% saying another 10 years), and 38.5% indicating hydrogen. This timetable for electric truck adoption continues to change, as three years ago the majority (54%) said they didn’t plan to deploy electric trucks for 5-10 years. Also interesting is that the most recent survey shows that roughly 25% of fleets still do not see the value in adopting electric nor hydrogen trucks, respectively. All of this change reinforces the fact that fleets have unique timelines in how they wish to bridge over to alternative fuels.

Empowering fleets for smooth transition

“Adopting electric trucks is not just an environmental mandate but also a significant financial commitment,” said Brian Holland, president and CEO of Fleet Advantage. “Our innovative EV Path programme is yet another pioneering initiative developed by our team, designed to bridge the gap between traditional diesel fuel vehicles and the future of alternative fuel-powered transportation. By offering flexible financing solutions with practicality in mind and fleet services support, we aim to empower fleets to make the transition smoothly and effectively.”