Navigant Research Report Shows Plug-In Electric Vehicle Fleets Are Expected to Make up 12% of the Global Fleet Vehicle Population by 2030

Fleets are committing to using electricity in all or part of their
vehicles in the next decade

BOULDER, Colo.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/EVs?src=hash” target=”_blank”gt;#EVslt;/agt;–A new report from Navigant
Research analyzes the global market for light duty (LD) and medium
and heavy duty (MHD) plug-in electric vehicle (PEV) fleets, providing an
analysis of the market issues related to fleet electrification, with
global market forecasts, segmented by vehicle class and region, through
2030.

Fleet electrification is being driven by battery innovations, energy
economics, and government regulation of transportation pollution. Cost
reductions in batteries and other PEV technologies are reducing the
purchase price of PEVs, while governments are incentivizing adoption
with purchase incentives and emissions reduction goals. Click
to tweet: According to a new report from @NavigantRSRCH,
the PEV fleet population is expected to make up less than 1% of the
fleet vehicle market in 2018 before rising to 12% of the overall fleet
vehicle population by 2030.

“Fleet electrification has largely focused on the LDV segment to date.
However, recent developments with electric MHDVs point toward
encouraging signs of future growth in that segment,” says Raquel Soat,
research analyst with Navigant Research. “For example, the 2017
introduction of the Tesla Semi, BYD’s debut of its refuse truck in 2018,
and the success of electric buses in China over the last 4 years all
show momentum toward larger fleet electrification.”

According to the report, many fleets have made commitments to use
electricity in all or part of their vehicles in the next decade,
including large MHDV fleets such as DHL, UPS, FedEx, and several city
bus fleets in China. While the transportation industry is transforming
its energy system, it is also being disrupted by innovations in
automated vehicle systems and advances in battery energy density.
Vehicle automation will likely encourage greater use of LDVs to augment
alternative or public transportation modes and transform MHDV markets
and uses.

The report, Fleet
Electrification, analyzes the global market for LD and MHD PEV
fleet vehicles. The study provides an analysis of the market issues
related to fleet electrification, including drivers like government
policies and battery innovations and challenges with charging
infrastructure. Global market forecasts, segmented by vehicle class and
region, extend through 2030. The report also examines the key industry
players related to fleet electrification and provides case studies of
notable projects from around the globe. An Executive Summary of the
report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Fleet Electrification, is a summary and reflects Navigant
Research’s current expectations based on market data and trend analysis.
Market predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press release
or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s conclusions and
the methodologies used to create the report. Neither Navigant Research
nor Navigant undertakes any obligation to update any of the information
contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul
+1.781.270.8456
lindsay.funicello.paul@navigant.com