By WEX Staff
March 12, 2025
The fleet industry is at a turning point – electrification, economics, and energy are colliding.
The question is: How do you navigate the road to stay ahead?
WEX, the global commerce platform that simplifies the business of running a business of payments, fleet management, and employee benefits, hosted the LinkedIn Live panel discussion, “Navigating Economic and Energy Shifts in a Mixed-Fuel World.”
Industry experts Carlos Carriedo, COO, WEX; Adam Woolway, VP of Global Energy Transition at WEX; Nick Woolley, CEO, ev.energy; and Dr. Jose Serras-Pereira, Director, Global Mobility, Frost & Sullivan, unpacked the toughest questions facing fleet operators.
This conversation emphasized the growing importance of electric vehicles (EV) in the fleet industry, the need for a strategic approach to transitioning to mixed-energy fleets, and the various factors that influence EV adoption decisions.
Highlights included:
- Cost is a primary concern for fleet managers. The transition to EVs must demonstrate cost savings, including total cost of ownership, in order to be a compelling prospect for fleet managers.
- Mixed-energy fleets are becoming increasingly common. Fleet operators are transitioning to a mix of EVs, hybrids, and traditional fuel vehicles to optimize cost, sustainability, and operational efficiency.
- The decreasing cost of EVs is a major driver of adoption. The cost of EVs has been decreasing significantly, thanks in part to advancements in battery technology and manufacturing in China.
- Operational efficiency is crucial for successful EV adoption. Managing charging infrastructure, optimizing routes, and integrating EVs into existing operations are essential for maximizing the benefits of EVs.
- Policy and regulation play a significant role in EV adoption. Government incentives and regulations can influence the total cost of ownership and encourage or discourage EV adoption.
To view this very interesting presentation, click here.
