19 November 2024
Accelerating Fleet Decarbonisation: 2024 Global Electrification Report
We’re excited to announce the 2024 Global Electrification Report: Accelerating Fleet Decarbonisation, created by the Element-Arval Global Alliance in partnership with RMI.
The report explores the evolving landscape of fleet electrification, emphasising the urgency of transitioning to electric vehicles (EVs) to meet corporate sustainability goals, regulatory demands, and shifting public expectations.
It also highlights a structured, multi-phase approach as essential for transitioning from traditional internal combustion engines (ICE) to EVs.
This includes strategic change management, telematics data utilisation, and roadmaps for smooth, cost-effective implementation.
Get the report
Download the report to learn more about these recommendations for decarbonising and electrifying your fleet.
- Create a roadmap for fleet decarbonization.
- Assess EV readiness.
- Apply telematics data to enable EV transition and operations.
- Design first EV deployment to inform wider fleet’s needs.
- Download the full report to learn how fleet electrification is creating sustainable, cost-effective opportunities.
- Download the AU/NZ regional snapshot for key local insights (1MB, PDF)
Key insights from the report
- Strategic EV deployment: Starting with smaller EV rollouts provides data on fleet operations and addresses driver concerns, like range anxiety.
- Telematics for efficiency: Telematics improves fleet safety, compliance, and productivity while lowering costs through strategies like off-peak smart charging.
- Environmental and economic gains: EVs cut lifecycle emissions by up to 69% and reduce fuelling and maintenance costs by as much as 40%.
- Market expansion: EV sales have surged 600% since 2018, with automakers committed to expanding EV options across all vehicle classes.
Did you know?
Telematics plays a crucial role in optimising fleet efficiency
Telematics offers a greater understanding of your organisation’s fleet performance and can help you to lower fleet emissions and implement an effective electrification strategy.
Despite challenges like higher upfront costs and infrastructure limitations, EVs are expected to be 5–10% cheaper than traditional ICE vehicles by 2025, offering both environmental and economic advantages.
Fleet decarbonisation supports climate targets
Currently road transport produces 75% of global CO2 emissions, so electrifying your fleet is an important part of reducing your organisation’s carbon emissions.
Recommendations include prioritising smaller, fuel-efficient EVs, expanding infrastructure, and increasing stakeholder engagement and driver training.
Supportive policies and investments in EV adoption can position Australia and New Zealand as leaders in sustainable fleet management.
Ready to electrify your fleet?
Contact us today to discuss a strategic approach to transitioning your fleet towards a sustainable future.
