Fleet Advantage will unveil a revolutionary new analytic tool at the upcoming National Private Truck Council (NPTC) Annual Conference (May 7-9 in Orlando, booth #923) offering technology to help define the future of transportation for corporate fleets.
Today’s organizations prioritize sustainability in operational strategies, but the challenge is how to viably progress toward a carbon-free future. Data analytics continue to have a positive impact for businesses and society at large, and Fleet Advantage’s new EV Life Cycle Cost Analysis Tool EVAN (Electric Vehicle Analytic Navigator) will help further identify and optimize Total Cost of Ownership (TCO) for corporate transportation fleets to determine the efficacy of using electric vehicles.
“Fleet Advantage is well known throughout the transportation and equipment finance industries as leading with innovation and developing pioneering analytics that help organizations maximize their sustainability in operations, while also delivering the lowest total cost of operations,” says Katerina Jones, CMO of Fleet Advantage.
The Environmental Protection Agency (EPA) recently proposed stronger greenhouse gas standards for heavy-duty vehicles for 2027 through 2032 model years. This builds from the “Phase 2” greenhouse gas standards established in 2016. This makes Fleet Advantage’s new EV Life Cycle Cost Analysis Tool timely. This latest proposal follows a NOx emissions rule finalized in December and a California waiver mandating sale of electric trucks. The proposed Phase 3 rulemaking applies to heavy-duty vocational vehicles. These include delivery trucks and refuse haulers along with tractors, such as day cabs and sleeper cabs.
EVAN INSIGHT
Fleet Advantage helps companies build their custom ESG roadmaps supported by its strategic asset management, and EVAN plays a crucial role in bridging today’s clean-diesel technology into tomorrow’s alternate fuel options. However, every company has a “bridge” to cross. Therefore it’s essential to rely on data-driven insights to make accurate comparisons for sound decision making.
As part of Fleet Advantage’s comprehensive Fleet Modernization Study, the analytic tool compares diesel versus an electric Class 8 vehicle TCO with modeling that evaluates fuel and mileage data versus kWh comparisons from the first year through a six-year life cycle.
EVAN takes into consideration various inputs including equipment cost, charging, cost of energy, cost of diesel, grants, tires, depreciation, etc. It then converts them into a cost-per-mile (CPM) to determine the total cost of operating an EV over its lifetime. This allows fleets to make an informed decision about which type of vehicle is more cost-effective for their fleet.
The timing of the new EV-focused analytic tool also coincides with Earth Day (April 22), and Air Quality Awareness Week (May 1-5). Globally, companies both large and small have focused on ways to reduce emissions for a greener tomorrow.
“This year’s Earth Day and Air Quality Awareness Week recognitions provide an important opportunity to acknowledge how corporate actions can help to build a better climate future for all people,” says John Rickette, CTP, CLFP, vice president of portfolio and manager of the transaction management team for Fleet Advantage. “We also recognize that a responsible environment is shaped through sustainability efforts made each day, and we are proud to know our TCO Technology Stack helps fleets make a significant contribution toward the reduction of emissions.”
Find out more, visit www.fleetadvantage.com.
