What is an Electric Vehicle Suitability Assessment?
As greenhouse gas emission reduction awareness increases, fleet managers start considering adding electric vehicles (EVs) to their fleets. An Electric Vehicle Suitability Assessment (EVSA) is a tool that helps to electrify your fleet according to the organization’s budget and time frame.
Through manual calculations and estimations in a spreadsheet and an automated tool that simplifies data input, the most suitable electrification plan for your company is created. Factors such as retail price, EV type (Battery Electric vs. Plug-in Hybrid), vehicle class, battery capacity/range, local availability, maintenance schedules and charging speeds can be easily compared.
An EVSA will analyze the daily driving range requirements seasonally, to verify that the selected EV can do the required distance on a single charge. It will also identify the locations of charging stations, their types, the procurement and installation costs and verify that vehicles are being charged properly.
Afterwards, the financial impact of electrification will be estimated by calculating the lifetime cost of replacing a vehicle with an EV compared with a non-EV. This will take into account the acquisition cost, maintenance, fuel and electricity, EV procurement incentives and the growing Low Emission Zone charges. Running an EVSA can also help managers identify opportunities to right size their fleet and later on put these cost savings towards electrifying more vehicles.
The role of telematics in an EVSA
Telematics solutions provide access data that can be used to refine the accuracy of an EV assessment, which can vary in complexity. To start, we can get accurate daily driving distance readings and compare them against the real-world range of EVs available in the market. Furthermore, fuel consumption readings can refine the fuel savings calculations and increase the accuracy of the financial model.
A more advanced assessment can use location information to get data on the local terrain where vehicles are driven in order to model the EV battery capacity. Speed, hard acceleration and braking can also help to further refine the estimated range of an electric vehicle under the same driving behavior patterns. Geotab can support you to make your transition as seamless as possible.
Learn more about electrifying your fleet on Geotab's Electric Vehicles page.