The Buzz

Electrifying Your Company Fleet: A Smart Investment

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Posted: March 7, 2023
By: Kerry McMahon

Having an electric fleet of vehicles represents an opportunity for businesses to lower their annual maintenance and fuel costs while reducing their total carbon emissions—a winning solution for the environment and their company’s bottom line.

But that’s not all.

Here are five reasons why you should invest in electric fleet vehicles:

Reduce your total cost of ownership (TCO)

While EVs initially cost more than comparable vehicles with internal combustion engines (ICEs), the investment is more than worthwhile.

Estimates suggest that company fleet EVs will produce a total cost of ownership that is 15-25% less than that of equivalent ICE vehicles by 2030.1

Lower your maintenance costs

Electric vehicles are mechanically simpler than gas or diesel vehicles because they require fewer moving parts, fewer repairs, and far less maintenance (ex. oil changes, spark plug repairs, etc.), saving you time and money.

Stabilize your fuel prices

Gasoline is subject to price fluctuations and shortages, which can change daily.

On the other hand, electric fleet vehicle charging has more predictable pricing because all the power comes from a local electricity provider.

This benefit is incredibly apparent and cost-effective during times of economic uncertainty.

Take advantage of powerful integrations

EV charging stations typically have an open application programming interface (API) so that charging data can easily flow into your fleet management platform for a 360-degree view of operations.

Understand the big picture—electricity used, hours charged.

Achieve your environmental, social, and governance (ESG) goals

Having an electric fleet of vehicles allows you to lower your business’s total carbon emissions.

And with detailed EV charging consumption reports, which offer insight right down to the driver and station level, you can easily understand and track your company’s EV fleet impact on the environment.

Best-in-class manufacturers, such as SemaConnect and Leviton, provide access to a range of EV charging stations to meet your electric fleet vehicle charging needs.

Read more about upgrading your fleet to electric vehicles in the brochure below.

Guide to EV Fleet Charging (PDF)


Read more on tax incentives for EV charging stations and the National Electric Vehicle Infrastructure (NEVI) program which intends to establish a nationwide network of EV chargers.


Find the Best Partner for Your EV Company Fleet Needs

To successfully implement your Electric Vehicle program, you’ll need to have a trusted partner by your side. Ideally, this partner will support EV charging station and equipment procurement, infrastructure planning, and project manage to your budget and timelines—whether it’s one location or thousands.

At Loeb Electric, we can do all that and more. For more information, contact Loeb Electric online or call us at 800.686.6351. We will review the following with you, so you can make an informed decision.

    • Business goals & project scope
    • Infrastructure & utility needs
    • Federal, state, & local tax incentives
    • The best charging station for your needs, including options from best-in-class manufacturers such as SemaConnect and Leviton
    • Customized management software
    • Turnkey & custom solutions (if needed)


Register to watch this webinar for insight on EV trends, EV chargers, tax incentives, and how to prepare your business for the future.

Speak with lighting & electrical distribution experts today.

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