The Commercial EV Transition

Global Insights on a Mixed-Energy Fleet Future

For businesses, transitioning to a mixed energy fleet is not an “if” or a “when” but a “how best”. More than simply replacing vehicles, transitioning to a mixed energy fleet necessitates a holistic reassessment of your strategy. And it’s happening now. In fact, 80% of global commercial mixed-energy leaders surveyed stated they are aiming to have EVs as at least 1 of every 4 vehicles in their fleet by 2030, shifting the focus to optimizing fleet mix and operational efficiency.

Conducted by Frost & Sullivan and commissioned by WEX, this new research provides valuable insights for organizations to navigate and capitalize on the shift to fleet electrification. Understanding the dynamics of transitioning to a mixed-energy fleet is essential for any organization aiming to optimize operations and achieve long-term success.

With insights from over 500 organizations with mixed fleets (meaning they had both fossil-fuel and electric vehicles), this resource journals their journey toward the adoption of electric vehicles (EVs). The interviews were conducted with decision-makers across Europe (273 respondents1), the US (110 respondents), and Australia/New Zealand (120 respondents). The research spanned topics including EV adoption and challenges, trends in charging infrastructure, payment systems, fleet management, and sustainability. This paper presents what the survey results indicate into what drives businesses and government entities to adopt EVs; how the journey to electrification is progressing; and how solutions such as decision-making tools, route planners, and advanced payment options influence, and potentially accelerate, the transition to EVs.

Interested in learning more?