The Real Reason of going electric: Why Fleets and Drivers Are Saving More Than You Think

“Electric vehicles are too expensive,” you’ve probably heard that before. But, what if the numbers showed otherwise, and instead electrification may just be the smarter financial move for both fleets and drivers. Despite what may be said, drivers are wanting to switch to electric, more than ever. In just the first quarter of 2025 the US total EV sales have progressively grown. The International Energy Agency even says that by 2030 electric cars market share will exceed 40% due to its affordability. Both fleet managers and drivers are finding that electrification is not just good for the environment, it is good for their bank. 

The Misconception

It can be easy to focus just on the sticker price, but looking beyond that, there are great benefits to long term saving by going electric. According to a study by Natural Resources Defense council (NRDC), of the models analyzed, electric vehicles can save an average of 40% on repairs and maintenance. The traditional ICE vehicles are complex machines with various and more intricate moving parts – engines, spark plugs, and extra fluids. Meaning more things can break or may need repairing. EVs on the other hand don’t include such complexities, and rather operate with more simpler pieces, which entails less trips to the mechanic and fewer unexpected expenses. While the initial price of purchasing the vehicle may be more expensive, it is less of a stress for drivers and fleet managers alike. Not only would they save on costs and maintenance for going electric, they may even receive grants or tax incentives for their purchase of an EV.

The Reality

Electrification has already made its way into major companies. Companies like Coke and Amazon have already begun their switch and are investing in this process or transition. Their efforts go beyond helping the planet; it is also good for their pockets. 

Amazon

Amazon has already sent out more than 30,000 custom electric delivery vans on the road. With a strong commitment to achieving net-zero carbon by 2040, they have partnered with Rivian to bring 100,000 electric delivery vehicles to the road by 2030. Additionally they plan to invest more than €1 billion to further electrify its transportation network in Europe. 

Coca-Cola 

As a top 500 fleet operator in the US, Reyes Coca-Cola Bottling is adding 20 electric trucks, Freightliner eCascadias, to its fleet in Southern California. Aligning with the evolving emission regulations of California, that all medium- and heavy duty trucks must be zero-emission by 2042. Also going along with their own goal of reducing carbon emissions by 30% by 2030. 

Beyond incentives and regulations

Both Florida and Texas sit at #2 and #3 for EV registrations. Florida has recorded 254,000 electric vehicles with Texas following close by with 230,100 EV vehicles. What makes this noteworthy is that neither states have any generous state funded rebates or purchase incentives to influence. This growth is purely from consumer demand and a real world interest and support for electrification. 

No more myths: The Breakdown of Going Electric

So how do these companies and drivers exactly save on going electric? Firstly, electricity is more affordable and stable in price than gas. In fact, sustainability by numbers states that if you charge at home it totals to be the cheapest option in all states and in most other places. JMP, an investment firm, estimates that Amazon, with an electric delivery fleet, could save up to €8.7 billion annually on just fuel expenses by 2030. Additionally with fewer service requirements or needs, JMP estimates Amazon could save €4.3 billion annually in maintenance by 2030. Totaling to about €13 billion saved by Amazon for switching. As for Coca Cola the eCascadias expect to cut the fleet's diesel consumption by 40,000 gallons per year. According to the Los Angeles Times gas prices are on average €4.12 per gallon, while electricity charges at ¢.26 per kilowatt hour. Based on those numbers, and using the average electricity usage and miles driven for eCascadias, they would save around €22,500 on just energy costs.

EVE Can Help Make It Happen

Transitioning to EVs does not just involve buying new vehicles, it requires planning, cost modeling and charging infrastructure readiness. Here at EVE we help businesses navigate their transition with smart and data driven solutions that optimize on cutting costs, boost efficiency, and reaching sustainability goals. Beyond that we can give assistance with the following: 

• Analyzing TCO and operational savings 

• Plan charging infrastructure 

• Identify the right investments 

Ready to make the switch without all the guessing? Let EVE be your guide to smarter, more sustainable mobility.