Electric vehicles, though still in the early phases, will play a critical role in the future of mobility. Enterprise embraces the responsibility to transition its fleet to electric vehicles — and is committed to doing so thoughtfully.
For Enterprise, it’s not just about adding large amounts of electric vehicles. Rather, it’s about working with industry partners and stakeholders to drive the long-term viability of EVs. Specifically, Enterprise’s EV strategy is focused on ensuring that the solution it brings to market puts customers first and on partnering and investing purposefully to learn and grow for the long term.
To that end, in late 2021, Enterprise Fleet Management and Geotab® conducted an electric vehicle suitability assessment — using data from 91,252 Enterprise vehicles — to better understand the current and future business implications of evolving a fleet to electric vehicles.
They discovered that about 12,000 of Enterprise’s fleet vehicles were good candidates for immediate transition to electric vehicles, or electrification. Electrifying these vehicles could save $33 million and eliminate 194,000 tons of tailpipe carbon dioxide over a four-year service life.
By 2025, about 42,000 vehicles could be electrified, according to the survey. Over four years, cost savings could reach $167 million, or about $4,000 per vehicle, and carbon dioxide emissions could drop by 1.3 million tons.
By leveraging this data alongside decades of industry experience, Enterprise Fleet Management works with small to medium-sized businesses and government agencies as they navigate their journey to fleet electrification. By taking a consultative approach, Enterprise’s strategic account managers can help clients evaluate operational impacts, cost analysis and environmental benefits of introducing EVs into their fleets, making recommendations and providing information to help them make the right decision for their business.
As part of the company’s efforts to drive the industry toward adoption of electric cars and trucks, Enterprise is working to address key hurdles to consumer usage of EVs, namely charging station availability, range and charging times.
To understand how EVs will affect car rental, Enterprise conducted a study around EV adoption, working with one of Europe’s leading management consultancies, Roland Berger. The proprietary study comprised an in-depth analysis of more than 30 million rental transactions.
Enterprise is also continuing to test EVs by providing them to employees and putting them into rental fleets in select markets to obtain a better sense of the overall driver experience. This input will help Enterprise provide a smooth transition for drivers as it transitions the fleet over the coming years.
True to Enterprise’s philosophy of providing customized mobility solutions, it will partner with each business to determine where EVs best fit within the organization’s operations.