Road transportation accounts for 15% of all global carbon dioxide emissions, with passenger vehicles producing nearly half. In a bid to cut these carbon emissions as well as reduce reliance on fossil fuels, several countries have pledged to steadily replace conventional vehicles with zero-emission electric cars over the next couple of decades. However, electric-vehicle penetration is still low in most territories, mostly due to their extremely high prices coupled with a poor and often unreliable network of public charging stations.
Although governments are offering subsidies to make EVs more affordable for average drivers and installing public chargers to ease range anxiety, experts say electrifying commercial fleets is the best way to give the fledgling EV sector a major boost. Thanks to new emission standards and green-energy requirements, plenty of municipalities and companies will have no choice but to electrify their fleets. Even without these requirements, the commercial fleet segment is set to explode, says Glenn Stevens, the executive…
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