November 30, 2023

How Can an Electric Vehicle Fleet Management System Benefit Your Business?

6 Min. Read

Electric vehicles (EVs) are revolutionizing the way we think about transportation, offering a sustainable and cost-effective alternative to traditional internal combustion engines. But managing an EV fleet comes with its own set of challenges and opportunities.

In this article, we’ll dive into the world of EV fleet management systems, exploring how they enhance operational efficiency, drive cost savings, and contribute to sustainability goals. Here, you’ll discover the key benefits and functionalities of these systems and how they can transform your fleet management experience.

Understanding EV Fleet Management Systems

An EV fleet management system is a set of technology-enabled processes that monitors and optimizes key aspects of an EV fleet. Key functions are similar to ICE fleet management, with some exceptions like managing battery charge levels and vehicle range.

While ICE vehicles have plentiful fueling stations, EV fleets depend on fewer public charging stations, depot charging, and home charging, so EV fleet managers must constantly manage charging levels and plan routes for charging stations. Home charging—installing chargers at drivers’ homes—can be an effective way to reduce downtime with off-hours charging and reduce investment in depots, and it is also good for the drivers’ quality of life.

More on Functionalities

Core EV fleet management system functions include tracking battery charge levels, real-time location monitoring, especially for charging stations, and charging time optimization for best battery performance. Like ICE fleet management systems, they provide route planning, road time management, as well as maintenance tracking and alerts.

Operational Efficiency and Time Savings

Time is money. Fleet managers must be on top of financial and schedule performance across a portfolio of vehicles. That requires the real-time ability to gather, transmit, store, and analyze big data to make the right decisions. Electric fleet vehicle management systems provide those capabilities.

Real-Time Monitoring and Route Optimization for Energy Conservation

Once you have built and communicated processes, an EV fleet management system allows you to monitor compliance. If a vehicle departs from optimized routes, you will see it immediately and be able to investigate. Sticking to routes optimized for energy conservation controls your costs.

Automated Scheduling for Charging, Reducing Downtime

An electric vehicle fleet management system features automated scheduling to allow you to quickly develop recharging schedules across fleets, minimizing downtime and saving you money. Manual scheduling is virtually impossible.

Swift Identification and Rectification of Potential Issues Through Predictive Maintenance

Timely maintenance is key to avoiding vehicle failures. Vehicle failures cost time and money. Across a large fleet, manually tracking maintenance is almost impossible. An EV fleet management system has the solution: predictive maintenance. Vehicle maintenance schedules are loaded, and the actual frequency of failures is tracked to predict failures so that maintenance is done before failure.

Telematics

The key to an effective electric vehicle fleet management system is tight communication from vehicles to the system. Telematics leverages GPS technology and onboard diagnostics (OBD) with telecoms to monitor and report the location of any vehicle on a computerized map, as well as comprehensive data points like speed, idle time, charge levels and consumption, and tire pressure. It can also track driver safety practices and driving behavior.

Cost Savings and Financial Benefits

An electric vehicle fleet management system offers several cost savings as well as operating benefits.

EVs Are Less Expensive to Power and Maintain Than Ice Vehicles

The cost of electric power is lower and more stable than the cost of gasoline or diesel. EVs also have regenerative braking activated by lifting the accelerator, which switches the EV to charging mode from drive mode. That creates kinetic energy from the motor, which charges the battery and increases mileage while reducing brake wear.

EVs have fewer parts than ICE vehicles, with around 15,000 total versus 30,000 for ICE vehicles. ICE engines have moving pistons, valves, timing chains, and a crankshaft, while an EV motor has one moving part: the rotor. That makes EV maintenance cheaper and simpler.

Because of features like regenerative braking that reduce wear and tear and points of failure, EVs are safer. They are also quieter, reducing stress on drivers.

Reducing Acquisition Costs

These can be materials for EVs and charging infrastructure. The good news is that the federal Inflation Reduction Act provides substantial relief in the form of $40,000 and $100,000 tax credits per fleet EV and charging station, respectively. Some states and utilities offer incentives as well.

Efficient Energy Usage Reduces Electricity Bills

You can control your charging costs with off-peak charging, and you can sell back to the grid with net metering and bidirectional charging, which allows EVs to consume and return power. You can further reduce costs and achieve freedom from the grid by adding electrification solutions like solar, battery storage, and energy management systems.

Enhancing Sustainability and Corporate Image

EV fleets have a positive effect on transitioning companies. Eco-conscious customers and employees take notice, boosting your brand reputation and attracting and retaining customers, clients, partners, and employees.

The Positive Environmental Impact of Transitioning to EVs

Companies are increasingly seeing EV fleets as a way to meet their ESG goals by eliminating greenhouse gases. They are also keenly aware of more stringent future regulations from the EPA and states.

Brand Reputation

Showing commitment to an EV fleet and an EV fleet management system shows an eco-friendly population that companies are walking the talk and helping build loyalty and goodwill.

Attracting a Strong Customer Base

Visible success in implementing an EV fleet with an EV fleet management system will resonate with more environmentally conscious customers and employees. Those employees will be motivated to work for a company that mirrors their value set.

Data-Driven Decision Making

EV fleet management systems provide real-time big data streams on things ranging from vehicle performance to driver behavior. An EV fleet management system features strong data analytics to transform that data into usable information for smart decisions. Issues that surface can be addressed almost immediately with feedback on the results.

Armed with a constant flow of information over time, you will know when to expand your fleet. You will also be able to evaluate training and where it needs to improve. Finally, you will have solid facts on your energy use and costs from your EV to provide leverage in procurement negotiations.

Scalability and Future Growth

Scalability is a crucial requirement for an electric fleet management system, so you should make sure to consider this value when evaluating your options. You should also develop your expansion plans and match system capabilities for orderly expansion and the avoidance of surprises.

EV charging technology is rapidly evolving and working with an EV-experienced, licensed electrician to plan current and future needs is vital to the long-term success and safety of your fleet electrification. Impending shortages of qualified electricians may complicate your efforts, but by partnering with Qmerit, you can ensure your electrification program is maintained safely and seamlessly—avoiding the hassle of needing to find qualified installers in a demanding market.

EV fleets are on an upward growth curve. They offer lower operating costs, lower maintenance, and better safety. To properly manage your EV fleet and capture these benefits, you will need an EV fleet management system. You will also need a reliable partner to help you get the right installers for your EV fleet charging infrastructure or home charging.

Your electric vehicle fleet management system is pivotal in optimizing operational efficiency, reducing costs, and enhancing sustainability. By embracing these systems, businesses can not only improve their bottom line but also contribute positively to the environment and bolster their corporate image.

As the most trusted EV charger installer in North America, with over 269,000 EV charging installations and the largest network of certified electricians trained in working with electrification technologies, there is no one more suited to helping you electrify your fleet than Qmerit. Ready to take the next step in your EV journey? Contact Qmerit today!