UK the Most Suited Market in Europe for Electric Vehicles Despite Current Pessimism, New Geotab Report Finds - Seite 2

The 66% figure for the UK is based on a typical seven-year replacement cycle for a fleet vehicle. Expanding this period to 10 years would increase the percentage of fleet cars and vans in the UK ready to go electric to 73%, based on the fact that EVs have a longer usable lifespan than their petrol and diesel counterparts thanks to service, maintenance and repair (SMR) savings.

"The idea that the UK is not ready for mass EV adoption is a fallacy," said David Savage, Vice President for the UK and Ireland at Geotab. "On the contrary, it's time for British businesses to 'double down' on fleet electrification - not just for the good of the environment and our collective climate goals but for their bottom line. A visionary CEO of a business operating a vehicle fleet could effectively pay their own salary by going electric, thanks to EVs' financial savings."

EV suitability assessments based on irrefutable data

The Taking Charge study delves into real-world telematics data to understand the feasibility of transitioning from internal combustion engine (ICE) vehicles to EVs within light-duty fleets, and the potential financial and CO2 savings available.

The report reveals that by going electric, British private and public sector organisations could reduce the total cost of ownership (TCO) per vehicle by £13,279 over a seven-year period, equating to a saving of £876,414 on a large fleet of 100 vehicles.

These numbers were calculated using Geotab's proven EV Suitability Assessment (EVSA) tool, which helps fleets transition to electric vehicles. EVSA uses telematics data to understand a fleet's specific needs to make a tailored EV adoption recommendation. It maps the fleet's driving patterns against real-world EV performance metrics to pinpoint which fleet vehicles can be replaced with an EV available in that market. The tool also provides a forecast of the financial savings and environmental benefits of making the switch, taking into consideration the purchase price along with fuel and maintenance costs.

When evaluating the suitability of replacing an ICE vehicle with an EV, Geotab looks at two essential factors: Is there a range-capable electric model that can meet the existing daily driving requirements and does it make economic sense to make the switch?  Driving patterns can have a major impact on fleet electrification potential as they determine whether a suitable replacement vehicle is available that satisfies the vehicle's range needs while saving money.