Title: Electric vehicle trends 2020: Top 6 factors impacting fleet electrification | Geotab
Headings: Electric vehicle trends 2020: Top 6 factors impacting fleet electrification
Electric vehicle trends 2020: Top 6 factors impacting fleet electrification
Published on February 3, 2020
Introduction
The future trends impacting fleet electrification
1. The EV price tag will continue to drop as battery costs fall
Improvements in battery technology
Industrial policies supporting battery development
Increasing production capacity
2. Electrification will spread into the heavier vehicle segments
Commercial electric vans
Electric buses
Medium and heavy-duty trucks
3. Updates to policy and regulation
Zero-emission vehicle deployment
Fuel economy and emissions standards
City access restrictions
4. Increase in public charger availability and capacity
The dawn of the mega-charger in heavy duty
Investments in public charging infrastructure
5. Collaboration accelerates EV adoption
Public and private sectors show their intent
6. EVs to dominate shared mobility services
Hurdles to market penetration
The benefits of going green
Conclusion
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Content: That equates to enough batteries for between 35 and 37 million pure electric vehicles annually. 2. Electrification will spread into the heavier vehicle segments
As of 2019, the majority of the electric vehicle fleet was comprised of light-duty cars and two-wheelers. In 2018, the global electric car fleet exceeded 5 million, and global stock of electric two-wheelers was 260 million. In comparison, there were only 460,000 electric buses and 250,000 light-commercial vehicles on the roads. Thanks to advancements in battery chemistry, tightening emissions regulations, and more models coming online, it is expected that electrification will extend into heavier applications. Commercial electric vans
For organizations running vans in city centers, the case for transitioning to electric from diesel is compelling, with strict air-quality standards making it increasingly unviable for many operators to run their diesel vehicles. Electrification can now be considered a genuine alternative due to the falling upfront costs of electric vans, improved battery capacity and range. The duty cycles of many fleets lend themselves particularly well to electric, with predictable mileage and routes, and opportunities to install charging infrastructure at depots. In 2019, Amazon placed the single biggest order for electric delivery vans from the Plymouth, Michigan-based EV start-up Rivian, for 100,000 vehicles.