Ideanomics Inc.

05/27/2022 | News release | Distributed by Public on 05/27/2022 13:44

Beyond the Plug: Commercial Electrification Insights from the 2022 ACT Expo DRAFT

Successfully transitioning to a future of widespread commercial electrification means electric fleets will need to accomplish the same duty cycle as diesel vehicles without disrupting business operations and economics. One of the prominent discussions amongst 2022 ACT exhibitors and attendees alike was the challenge of integrating electrification into the same duty cycle as diesel vehicles.

Electric fleet operators will need to consider traffic flow flexibility, fast-charging rates and the shortest time possible to start and stop charging. Furthermore, vehicles will also need the battery range to meet route duration needs for operators, plus charging capacity and onsite electrical capacity to meet the operation's charging needs. While public conversation surrounding commercial EVs has primarily been centered upon battery technology in recent years, charging is just as critical to successful operations as the vehicle itself. This is one of the key distinctions between ICE operations and EVs; with an electric fleet, fueling is a process to be managed rather than an input with only one factor-fuel cost.

Fuel costs can vary with commercial electric fleets depending on whether a route is run early in the morning or late at night. Operators' abilities to shift routes to times with more favorable pricing will be an option as significantly more battery storage deployments are implemented, providing a hedge against fluctuating electricity prices. Once charging and stationary storage are deployed, the next logical steps are onsite solar, off-site sourced renewable and more.

This is where Ideanomics Energy can offer fleet operators substantial value, with comprehensive electrification solutions to electrify and manage operators' commercial fleets. Ideanomics Energy's technology-agnostic software can help operators manage energy costs, establish charging schedules, manage vehicles and aggregate from multiple sources to provide a single source of data and operational efficiencies.