Eurelectric study: BEVs cut fleet costs by up to 50%

Fleet electrification could deliver up to €246bn in cumulative operating cost savings by 2030, according to a study by Eurelectric and EY. The research found that battery electric vehicles offer 20–50% lower operating costs than internal combustion engine models across corporate cars, vans, and trucks.

Operating expenses account for 60–75% of the total cost of ownership for trucks, 45–65% for vans, and 25–40% for cars, the study found. Eurelectric said clear purchase targets for BEVs could stimulate demand for at least two million additional electric vehicles by 2030.

“In the EU, six out of ten new vehicles are sold to fleet owners, so the potential to save money and emissions is enormous,” Kristian Ruby, Secretary General at Eurelectric, said. “A well-designed fleet initiative can boost demand for BEVs to the benefit of European industry and energy independence.”

The study noted that EU automakers hold a stronger position in the corporate fleet zero-emission vehicle market than non-EU competitors. Eurelectric called for binding national purchase targets for zero-emission vehicles, targeted fiscal incentives, and a focus on vehicles equipped with bidirectional charging capabilities.

Constantin Gall, Global Aerospace, Defense and Mobility Leader at EY, said structural barriers including upfront costs, residual value risk, and grid constraints continue to slow adoption.

Source: Eurelectric