Small business preparing for uptake of EVs

EV charging, electric, electric vehicle

Two thirds (66 per cent) of small businesses predict their fleets will be fully electric within the next 20 years, with 50 per cent expecting this to happen in half that time, global data shows.

The Renault-Nissan-Mitsubishi LCV business commissioned a survey to gain insight into thousands of small business owners and decision makers globally and found that almost all (93 per cent) of business owners or decision-makers responsible for 50 vehicles or more, consider environmental sustainability of high importance.

Key findings:

  • 55 per cent see their fleets becoming fully autonomous within the next 20 years, with 38 per cent saying this is likely to happen within as little as 10 years
  • 48 per cent of businesses with a turnover of $100m or more stated environmental sustainability is ‘very important,’ while only 25 per cent of businesses with turnover between $100k – $9.9m said the same
  • 35 per cent of respondents said that business efficiency is their main motivation for adopting new technologies
  • The top identified logistical business challenge is the growth of e-commerce and the rising demand for deliveries, at 18 per cent, even more so than keeping up with regulations (17 per cent) and changing customer expectations for delivery times.

This development comes at a time when automakers are dramatically increasing their efforts to respond to a growing customer need for sustainable vehicles, as businesses prepare for tighter emissions regulations and seek ways to address climate change.

This trend towards electrification was reflected in Renault-Nissan-Mitsubishi LCV business’ latest sales results, as Renault’s European leadership of EV vans (46.2 per cent market share) contributed to a 13.5 per cent year-on-year growth of light commercial vehicles.

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“These results show that the electrification of fleets is increasingly on the minds of our customers – not just for the financial efficiencies that EVs can deliver, but because environmental sustainability is clearly crucial to the future of their businesses,” senior vice president of the Renault-Nissan-Mitsubishi LCV business Ashwani Gupta said.

“I’m impressed at how optimistic these fleet managers are about the speed in which their vehicles will be fully electrified.

“Renault is the global leader in making vans. Nissan makes great trucks and Mitsubishi are at the top when it comes to the production of frame vehicles.

“Combined, we are a truly global powerhouse, and working together on connectivity, powertrain developments and autonomous technologies will allow us to meet the rising demands of our customers and their businesses.”

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