Fleet Advantage Program Aligns EV, Diesel Pricing
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HANOVER, Germany — Fleet Advantage has launched a new program to help fleets control costs with adoption of electric vehicles. Incorporation of electric trucks into a fleet represents a significant investment, and Fleet Advantage’s new program — EV Path — aims to create more digestible investment terms for fleets and bridge the financial gap between traditional diesel fuel vehicles and EVs, the company said.
As part of the program, which was announced during the IAA Transportation conference, Fleet Advantage will match the monthly lease payment on an electric truck lease to that of a diesel truck, which the company said could create savings of up to $3,000 per truck, per month.
It would also help reduce the risk associated with equipment’s residual value.
Just in!! @Fleet_Advantage unveils its latest pioneering innovation! Our new "EV Path" program allows heavy-duty fleets to acquire electric vehicle trucks for the same monthly lease payment as a diesel unit! Read the full release to learn more! https://t.co/76ZfAYFZFd — Fleet Advantage (@Fleet_Advantage) September 17, 2024
“Adopting electric trucks is not just an environmental mandate but also a significant financial commitment,” said Brian Holland, CEO of Fleet Advantage. “By offering flexible financing solutions with practicality in mind and fleet services support, we aim to empower fleets to make the transition smoothly and effectively.”
Fleets would still be responsible for building out their infrastructure needs to support EVs. Fleet Advantage plans to introduce additional consultative services later this year to help fleet clients with a suite of solutions to maximize the acquisition, utilization, maintenance and surrender of EV and alternative fuel truck leases.
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