Discovering Your Fleet’s Path Toward Environmental Sustainability
The future of fleet is sustainable. In the past 100 years, fleet has transformed the business landscape. Yet vehicles have left a negative trail on the environment. Transportation makes up about 28% of greenhouse gas emissions (GHG), in the U.S. alone. This not only creates a warming effect on climate, particulate matter degrades the air we breathe. As a result, the Environmental Protection Agency (EPA) introduced guidance on three primary ways to reduce GHG emissions — activity, technology and fuel.
Automakers are also making impressive strides toward environmental sustainability. The major OEMs are spending top dollar to add competitive plug-in (PHEV) and battery electric (BEV) vehicles to their lineup. According to EVAdoption, in January 2021 there were 19 battery-electric vehicles available in the U.S. — and 26 total when considering their model variations. Yet dozens more are being developed by various automakers. General Motors has pledged to only produce electric vehicles by 2035, with full operational carbon neutrality by 2040. Volvo soon followed suit with an EV-only manufacturing pledge by 2030.
In 2020, global EV sales volume rose 43% to more than 3 million despite an overall vehicle sales market decline due to the COVID-19 pandemic. EV sales rose by 4% in that period, which is 10% of the global volume. While this number is still a small segment of total vehicle sales, automakers are reading the tea leaves. For 2021, HIS Markit projects a 70% increase in global electric vehicle (EV) sales.
But EVs aren’t the only route.
Learn other ways of building a sustainable fleet in our white paper, Discovering Your Fleet’s Path Toward Environmental Sustainability.
- Broadening Your Fleet Sustainability Horizon
- Determining Your Sustainability Mix
- Fleet Sustainability in Action
- Next Steps