Fleets Eyeing the Upsides of EVs
Cox Automotive survey finds they can be a good fit for business needs.

The survey found fleet operators tend to be more aware of and have a positive view of EV incentives.
Pixabay
Though retail consumers may not be warming to electric vehicles as much as automakers had hoped, fleet customers appear to tell a different story.
A survey Cox Automotive conducted in the first quarter found that 14% of fleets have EVs and that there’s a 90% likelihood that they’ll add to them when they go back to the market. In fact, the vast majority of fleets currently with and without EVs anticipate adding them in the next five years, the Cox “Future of Fleets: Path to EV Adoption” report says.
“In many ways, electric vehicles can be an ideal solution for many fleet operations, which often have set routes of known distances, vehicles that routinely overnight in the same location, and operations that prioritize the cost of ownership,” said Cox Senior Analyst of Research and Market Intelligence Zo Rahim. “The fleet business is significant in the U.S. market, and we expect the EV share of the fleet market to expand in the coming years.”
Fleet operators tend to be more aware of and have a positive view of EV incentives, Cox says.
They have similar adoption concerns as retail consumers, though, the study found: higher prices, spotty public chargers, low range between charges, and battery costs.
In a departure, 48% of fleet operators say they’re more satisfied with EVs than with gas-powered models when it comes to maintenance. They also say they’re more satisfied overall with the EVs in their fleets than with the internal-combustion-engine vehicles they have and with the total cost of EV ownership.
“There are certainly challenges in shifting a business away from traditional ICE powertrains, but if owners and operators are generally satisfied with the outcome and see tangible savings, EV adoption could certainly accelerate through the end of the decade,” Rahim said.
Originally posted on Auto Dealer Today
More Industry

Auto Nameplate Loyalty Holds in Tough Times
Consumers have been faithful to brands despite financial pressures, and JD Power says that’s because automakers have made some wise moves.
Read More →
Top New Jersey RV Store Sells
Myer’s RV Superstore is expanding its footprint in the state with two new locations that it acquired from Ed Hutchinson Jr.
Read More →
Alliance Analyzes Technician Pipeline
A new industry report examines the state of skilled trades in the U.S. and details the drivers of demand for automotive repair and how technicians enter and grow in the workforce.
Read More →
Luxury Rooftop Changes Hands
Genesis of Glenview is getting a new owner and a new location, but its name will stay the same.
Read More →
Future-Proof Your Business
A new industry outlook details several ways that automotive companies can use the rise in artificial intelligence and advanced technologies to their advantage.
Read More →
Dealership Buy-Sells Keep Going Up
First-half transactions reflect continued high appetite for acquisitions despite falling profits, the most sought-after franchises bringing record prices.
Read More →
California Makes Electric Moves
New laws in the Golden State aim to advance consumer access to public electric-vehicle chargers and reduce costs and barriers to its infrastructure.
Read More →
Rare Earths Independence
Automakers seek alternatives to sourcing battery raw materials in volatile markets roiled by trade wars and disrupted supply chains.
Read More →
Volvo Appoints President and CEO
Klaus Zellmer will replace Håkan Samuelsson as president and CEO of Volvo Cars in 2027 as the company makes strategic shifts toward profitability and cash generation.
Read More →
Fix Up Your Fixed Ops
The department may hold untapped potential for your dealership. There are ways to unearth it and turn it around for more profits.
Read More →