Your Electric Car Will Fall Apart Before its Battery Pack Does, Study Finds
A new study of 10,000 electric cars shows that their battery packs should outlast the vehicles themselves.
Geotab, an automotive telematics company, is using its in-depth access to EV data to track battery health. It just released a new study that shows the average degradation per year is actually 1.8%. The company believes that it could translate to EV batteries lasting 20 years
Considering electric cars, like gasoline-powered vehicles, tend to break down for mechanical reasons much sooner than 20 years, the average vehicle lifespan is 15 years, this could mean that EV batteries should outlast their vehicles.
A Culture of Sustainability
For Bimbo Bakeries, having a solid Culture of Sustainability is a big driving factor.
A Paradigm Shift
We are excited to welcome Sofico to the North American market. FMW has been following the successful Belgian-based company for years and last week had the opportunity to sit down with Mike Reinlein, General Manager of Sofico North America. Reinlein says, "We look forward to introducing Miles Enterprise for businesses providing automotive finance, leasing, fleet, and mobility management services. The platform represents a paradigm shift in asset and contract lifecycle management with unparalleled user flexibility, security, and efficiency."
Our FMW editorial team thoroughly enjoyed AFLA’s 2024 Conference and were delighted to see so many new faces. If you were unable to attend the annual event, there are a host of year-round opportunities to become involved with this outstanding organization for fleet professionals. Wheels marketing executive Carlos Oropeza says it best here.
We have our eyes on hurricane Helene and wish the best for our readers in its path. Fleets play an important part during disasters and our thoughts are with you.
Janice Sutton
Editor in Chief
A Holistic View of Your Fleet’s TCO
From maintenance to fuel costs, from work orders to performance metrics, Fleetio provides a holistic view of your fleet’s TCO.
New-Vehicle Affordability Improved in August to Best Level in 39 Months
New-vehicle affordability improved in August to the best level since May 2021 as every factor moved in the consumer’s favor, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Factors leading to improved new-vehicle affordability include lower prices and interest rates and higher incomes and incentives.
“The affordability story is complex,” said Cox Automotive Economist Jonathan Smoke. “When analyzing the data, we observe that affordability is becoming less of a macroeconomic issue and more of an automotive industry issue. Automakers are opting to manufacture higher-priced vehicles, so further declines in interest rates will not significantly reduce payments. Instead, income growth will have a greater impact than interest rate changes in the auto industry.”
