A new report has shown that firms which transition to electric cars, vans and trucks are benefiting financially from the move.
A survey of 300-plus senior decision-makers across the UK and US, responsible for the electrification of fleets with 100-plus vehicles (cars, vans, medium and heavy-duty trucks, buses and specialist vehicles), has revealed that 43% anticipate reduced total costs of ownership as a result of choosing electric vehicles.
The study, conducted by Vanson Bourne in conjunction with EO Charging, also revealed that more than half (53%) of fleets are now electrified on average, five years out from the 2030 deadline for the phase-out of petrol and diesel vehicles.
A commitment to sustainability is also evident, with the majority (84%) of organisations having already at least partially introduced a net-zero transport initiative, with more than half (54%) pointing to cost savings/long-term financial benefits as the primary driver for this.
Richard Staveley, CEO at EO Charging, said: “This research clearly highlights that commercial fleet electrification has now evolved from what was once primarily a legislative led initiative to meet environmental targets to a mainstream business strategy.
“Driven by seeing tangible cost efficiencies, organisations across multiple industries have long moved beyond small trials and pilot schemes to embrace electrification as a transformational business benefit.”
However, the research also reveals challenges for fleet operators to overcome, including changing Governmental policies. Four in five business surveyed (81%) said policy fluctuations are undermining their ability to develop long-term electrification strategies, while more than half (54%) are not planning beyond the current administration in their respective markets.
Meanwhile, 88% of respondents said fluctuations in energy prices make it harder to prove the financial case for the transition to electric.
As fleet electrification accelerates and the business case strengthens, now is the time to explore what’s next. Discover the latest EV innovations, charging solutions and fleet strategies at the Commercial Vehicle Show, 21–23 April 2026 at NEC Birmingham.
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