Connecting EV and ICEV Data to a Single Source
As electric vehicles begin picking up in production, OEMs are offering new vehicle models and at more affordable prices. From passenger cars to light-duty pickup trucks and electric delivery vans, the assortment of EVs is steadily growing, making them more accessible than ever.
For fleet managers, this means that electrification is becoming a more feasible reality. There is more opportunity for internal sustainability initiatives to be met and governmental emissions mandates to be realistically achieved. What this also entails, however, is thousands of fleet professionals with new concerns in this uncharted territory.
For fleets slowly integrating EVs into their dominantly ICEV fleet, fuel consumption will be tracked in a whole new way. Managers will need to track charge events, energy usage and compare the miles-per-gallon equivalent (MPGe) being consumed. Fleets testing the waters will also want to fully understand how the TCO of EVs compares to that of ICEVs.
With a new breed of assets, there can be a learning curve to the new technologies, metrics and KPIs involved – Utilimarc’s BI platform helps to keep this transition simple.
In times of change, business intelligence can be a powerful tool. As a flexible and scalable solution, BI has the ability to connect all these new sources in one place and seamlessly integrate them with your other data.
Why does this matter?
For fleets adopting EVs, understanding the difference in costs, efficiency and overall performance is key. These insights can give you the confidence in moving toward full-scale electrification, sticking with gas vehicles or testing out other alternatives. Our comprehensive EV dashboard makes these insights easy to visualize and share.
With BI, you can leverage your existing investment in fleet technology and allow it to evolve alongside your fleet. There is so much we can learn from EV data – from monitoring vehicle performance to tracking sustainability goals.
Let’s take a look at some key insights from our EV analytics.
Tracking greenhouse gas emissions can be extremely useful for different reasons. Municipal fleets often have to report on emissions due to tight regulations and local mandates. For other types of fleets, internal sustainability initiatives or public transparency can be driving factors.
Regardless of the reason, BI helps managers to understand how they’re doing in order to implement the change to reach their goals. Get a full scope of GHG and carbon emissions, whether fleet-wide or by vehicle, and how these figures have changed year-to-year. As EVs are added to your fleet, the integration of these data streams helps you to understand the impact of your new vehicles and the total CO2 emissions avoided.
With a new fuel type, EV data involves different metrics for vehicle charging. Where ICEV fleets would monitor fueling transactions, fuel consumption and costs, electrified fleets would track total charge events, energy usage and MPGe.
These metrics give insights such as the amount of fossil fuels reduced from previous years, the fuel efficiency of your EVs versus ICEVs and more. Seeing your ICEV data alongside your EV data can also help you to understand which vehicle classes to prioritize for electrification and which should stick with fossil fuels for now.
Total cost of ownership
As with any investment, understanding the total cost of ownership of an asset is essential to gauging if it is right for your fleet or not. When evaluating TCO it’s important to consider that there are very different factors contributing to the overall costs of each vehicle type.
Initially, the upfront costs of adopting EVs can be a deterrent for some fleets. Vehicles are typically more expensive than their fossil fuel counterparts and charging infrastructure requires major investment. However, with far less moving parts, it’s estimated that EV drivers save from 30 to 50 percent on lifetime maintenance costs. Additionally, electricity is generally cheaper than petroleum fuels nearly everywhere in the world. Comparing both vehicle types with business intelligence lets you see where exactly EVs outperform ICEVs in terms of TCO.
The bottom line
At the end of the day, any fleet data technology can be a super helpful resource for understanding fleet performance. It’s impossible to make improvements without knowing where you stand today. But the ability to consolidate and compare all your different sources in one environment can be an even more powerful tool.
Utilimarc’s BI platform gives fleet managers the assurance that despite changes in vehicles, technologies, strategies or KPIs, the benefits of our platform remain consistent.