Fleet Managers Lack Requisite Expertise to Make Decisions on EVs

The electrification of vehicular transport is all but inevitable, thanks to a variety of challenging but ultimately solvable factors such as high costs and poor charging infrastructure. However, most ordinary drivers are not willing to ditch their internal combustion engine (“ICE”) vehicles for electric vehicles (“EVs”). Fleets, on the other hand, can easily overcome these issues, and governments in several territories are encouraging companies and their fleet managers to electrify their fleets in a bid to reduce reliance on fossil fuels and clean up the air.

Municipalities and companies will have enough funds to purchase a couple of electric vehicles for a start, and since they usually have a central hub where all their vehicles return at the end of the day, they can install chargers in these locations and recharge their EV fleets overnight. Nevertheless, a new survey of 200 fleets, half of which already use electric vehicles, has found that that’s easier said than done. According to research from LeasePlan, a firm that specializes in automobile leasing and fleet management, one in three (29%) fleet managers believe they are not knowledgeable enough about electric vehicles to advise their drivers on EVs.

Furthermore, one in four (25%) fleet managers said that they would benefit a great deal from additional training on electric vehicles. When the fleet managers were asked the kind of training that would significantly add to their knowledge of EVs, 53% said they wanted to learn how to maximize battery range, and 53% were interested in carrying out vehicle checks. More than 50% wanted to learn more about EV charging, 40% were interested in the key differences between ICE vehicles and electric vehicles, while 30% wanted further training on health and safety. Even though fleet managers aren’t completely confident in their ability to lead the charge, the survey found that fleet drivers are becoming increasingly interested in EVs.

Four in five (80%) fleet managers revealed that their drivers had expressed interest in driving an electric vehicle within the past 12 months, and nine in ten (91%) said they had noticed their drivers increasingly talking about EVs among themselves. Lease Plan UK’s managing director Alfonso Martinez says the company’s research has uncovered just how little fleet teams, which are supposed to spearhead the transition to zero-emission vehicles, actually know about EVs. To ensure a smooth and efficient transition from ICE vehicles to EVs, fleets will need well-trained fleet managers at the helm.

But since a significant number of fleet managers believe they do not have the expertise they need to lead the transition, municipalities and fleets will have to invest in comprehensive training on EVs and provide managers with the right tools to handle the transition as efficiently as possible. This will ensure that the decision-makers have the data and research to meet increasingly strict emission standards, confident that their electric fleets are in the right hands.

It is becoming abundantly clear that attaining a transition to cleaner forms of vehicular travel will require a concerted effort involving a large group of entities, including for-profit companies such as Ideanomics Inc. (NASDAQ: IDEX), national and state governments, as well as other players in order to address the different bottlenecks along that journey.

NOTE TO INVESTORS: The latest news and updates relating to Ideanomics Inc. (NASDAQ: IDEX) are available in the company’s newsroom at https://ibn.fm/IDEX

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