Charging infrastructure is a crucial element of electrification that many leave as an afterthought to EV adoption. Installation of EV infrastructure can take up to months, and fleet managers must consider their charging strategy, budget, available space and the infrastructure company they will work with.

Creating a charging strategy is an essential step of electrification that many do not realize should be done well in advance of receiving new EVs. Fleets looking to build an entire charging station with several ports for fleets can be looking at months of installation time.

EVs are the future of the fleet industry. Of that, there appears to be no question – unless, of course, there aren’t electric alternatives for your current fleet mix. Because of this, it pays to have a complete understanding of the EVs you choose to purchase.

The plan is still general and offers few details about the actual logistics of making the switch, but it does contain ideas of where to draw the funding and some interesting proposals that will make gargantuan changes to charging infrastructure.

As with any major investment, the initial and ongoing costs must be weighed carefully against their ultimate value to figure out total cost of ownership. However, the metrics by which this value is measured must be clearly determined – if not, any value provided is subjective and non-quantifiable. So, how do we calculate this elusive figure called ROI?