EV Fleet Market Dips Only Slightly

By Staff Writer March 19, 2021 169

While the fleet market took a hit like most other industries due to the pandemic, electric vehicle fleet sales declined by only 14 percent compared to the overall vehicle sales decline of 28 percent in 2020, according to Beroe Inc., a provider of procurement intelligence and supplier compliance solutions.

The fleet management companies and car leasing companies are steadily increasing their dependency on electric vehicles as large MNCs have started framing electric vehicle policies. These car fleet management companies are piloting EVs in multiple countries and providing incentives to their staff for adopting this more environment-friendly mode of travel. This trend will see an upward surge in the next couple of years.

Governments are offering tax subsidies and incentives that have driven up EV sales. The debate on carbon emission has pressed organizations to look at zero-emission options.

“Autonomous vehicles are the future of mobility, with ride-hailing and car-sharing companies piloting the services. OEMs are investing and partnering with technology companies to develop AI platforms to manufacture a better autonomous vehicle, expected to provide higher safety and increase the overall efficiency,” says the report

The pandemic has forced global organizations to enforce policies to ensure higher safety for employees by selecting safer vehicles, implementing safety protocols for vehicle operation and disinfection. Commercial fleet leasing companies are framing standard operating procedures to ensure the vehicle's hygiene, which includes wearing masks, sanitizing the vehicle, daily temperature checks, etc.

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Last modified on Friday, 19 March 2021 13:46