In its latest report titled “Heading Together Towards an Electrically Charged Future,” Geotab delves into data from 1.3 million vehicle drivers across seven nations over a span of 12 months.
The findings suggest that transitioning fleets to electric vehicles could yield potential savings of up to 10 million liters of fuel and prevent approximately 19 million metric tons of CO2 emissions over the next seven years.
Specifically for Spain, the shift to electric vehicles could potentially reduce fuel consumption by up to 18,800 liters and eliminate 43 tons of CO2 emissions from exhaust pipes.
Related Content: Geotab: 75% of Light-Duty Vehicles Could Currently Be Replaced with Electric Vehicles
Geotab’s Methodology
Geotab’s analysis relies on real telematics data to evaluate the feasibility of transitioning from internal combustion engine vehicles to electric vehicles in light-duty vehicle fleets. The study also explores the potential economic savings and CO2 emissions reduction.
According to the report, 43% of vehicles—including cars and vans—owned by private and public entities in Spain are primed for electrification. “In 2022, electric vehicle registrations in Spain saw a 20.9% increase,” noted Iván Lequerica, Geotab’s Vice President for Southern and Western Europe.
“Now is the time for Spanish companies to double down on fleet electrification, not just for environmental reasons and collective climate objectives, but also for their financial performance. With potential electrification savings in a fleet of 100 vehicles, a manager could expand their fleet by 34% over a seven-year period,” Lequerica emphasized.
It’s important to underscore that, according to Geotab‘s report, a replacement vehicle is deemed suitable for autonomy if it can cover 98% of days in the year with a single daily charge, excluding the remaining 2% for days of exceptional driving beyond typical usage.
Furthermore, for an electric vehicle to be considered viable, it must meet two criteria: autonomy suitability and economic feasibility, ensuring its total cost of ownership equals or is less than that of a new internal combustion engine model.
