Gain Expert Guidance on Leasing vs. Buying
Did you know 80% of companies with mid-to-large sized fleets lease their vehicles instead of owning? Our expert blog breaks down why this has become the industry standard, showcasing a side-by-side comparison of all the ways the right leasing strategy can transform your fleet.
More cash flow. More efficiencies. More control. Don’t miss the invaluable insight gained from Element Fleet's comprehensive blog. Read the Leasing vs. Buying blog now.
Are Hybrid Cars More Expensive to Maintain or Repair Than a Gas Car?
Conventional gas-electric hybrid vehicles can be more eco-friendly than their gasoline-only counterparts, but they also can be more economical. Fuel savings can eventually outweigh any price premium for the hybrid powertrain, but since a hybrid is a more complex vehicle, will you give back some of that economy with higher costs for maintenance and repairs?
The answer on regular maintenance for a hybrid, including normal wear and tear, is generally no — at least for many years of use. The answer on repairs is more complicated and applies to common parallel hybrids, not to more expensive and complex plug-in hybrids that are designed to operate as full electric vehicles part of the time.
The Hourglass Foundation Doubles April Fundraising Goal During First-Ever Triple Impact Challenge
The Hourglass Foundation, a 501(c)(3) non-profit and philanthropic arm of Flexco Fleet Services launched their first-ever “Triple Impact Challenge,” back on April 1, 2024.
To make their fundraising efforts more achievable, Flexco Fleet Services, an industry leader in vehicle remarketing services, and Hop Drive, a vehicle transportation drive services company, both committed to matching dollar-for-dollar every contribution made.
By the end of April, The Hourglass Foundation’s Triple Impact Challenge was deemed a success and raised not only the intended $5,000, but a total of $10,053—double their original goal.
Tesla’s EV Charging Team Layoffs Threaten to Slow Biden’s Program to Electrify Highways
Since news of Tesla's abrupt EV charging layoffs surfaced, executives at charging companies say they have been receiving phone calls from landlords looking for a new partner for their private charging projects after Tesla pulled out.
"It's going to delay NEVI (National Electric Vehicle Infrastructure) rollout. There's no question about it," said Aatish Patel, co-founder of XCharge North America, which makes EV chargers for fleets and charging station operators. If Tesla backs out, then the solicitation by states for NEVI-funded charging projects starts over, he told Reuters. "A lot of these sites aren't going to get built this year, or within the time frames that were initially dictated."
Upfitters Offer Dueling Approaches, Differing Strategies for Product Design
By Tod Trousdell, Fleet Marketing Consultant and Partner/RobertsTrousdell Communications
How do upfitters actually decide which products they’re going to develop each year? And, what goes into the design and manufacturing process that makes one upfitter different from another?
Looking for a little clarity on the subject, as I walked the floor at this year’s NAFA I & E, I decided to ask some of the industry’s top providers how they develop products for customer upfits.
At Ranger Design, product design is, perhaps, the most important function of the company, according to Peter Young, EVP of Business Development.
For the team at JP Poindexter-owned Masterack, determining which products to produce “revolves around the customer,” according to Wayne Steele, VP of Engineering.
