The rise of electric cars has been one of the most talked about topics in the automotive industry over the past few years. With Tesla leading the charge, other manufacturers have been forced to follow suit and invest in electric vehicle technology. However, the question remains, how will dealerships make money off electric cars? The simple answer is that they will make money just like they do with any other type of car. They will sell them for a profit. However, there are a few things to keep in mind when it comes to electric cars. First, the initial cost of electric cars is often higher than traditional cars. This is due to the cost of the battery technology. However, the long-term cost of ownership is often cheaper than traditional cars, due to the lack of fuel costs. Second, electric cars often have a smaller profit margin for dealerships. This is because there are often fewer electric cars on the market, and they are in high demand. Third, electric cars often require different maintenance than traditional cars. This is due to the fact that they have different battery technology and often require different charging methods. Despite these challenges, dealerships will still be able to make money off electric cars. They just need to be aware of the challenges and be prepared to adjust their business model accordingly.
The McKinsey Center for Future Mobility discusses the transition from gasoline to electric vehicles. Electric vehicles cost nearly $12,000 more to manufacture than gasoline-powered vehicles. This price differential is primarily the result of the cost of batteries. EV economics should shift from red to green as industry battery prices fall. The use of an overdesigned ICE platform is a significant factor driving material costs higher, and the difficulty in packaging batteries necessitates compromise for OEM designers of BEVs and PHEVs. Using leading e-vehicle concepts as models, it is possible to simplify design and decontent. With a purpose-built EV platform, you can save money per vehicle because the assembly process is much simpler.
As part of this research, it was discovered that automobile manufacturers should pay greater attention to collaborating with competitors in the next five to seven years. It will be especially beneficial if automakers share EV platforms and plants. If a manufacturer takes a more aggressive approach to closing the profitability gap, new business models can be developed. Electric vehicles may be cost-competitive with and even profitable as ICE vehicles by 2025. A customer would pay a monthly fee to lease the battery, assuming an extra margin on the depreciated value of the battery. This is a viable business model that has the potential to be a profitable one.
Will Electric Cars Make Mechanics Out Of Business?
According to the state, nearly 32,000 auto mechanic jobs in California are likely to disappear over the next few decades because electric vehicles require far less maintenance and repair than traditional combustion engines.
According to the Institute of Motor Industry, the vast majority of active auto mechanics are not qualified to work on electric vehicles. Beginning in 2030, new gasoline and diesel vehicles will be prohibited in the United Kingdom. Only about 3% of mechanics in the United States are qualified to service and repair automobiles. Most auto repair shops are simply removing hybrids and electric vehicles, according to auto mechanic Craig Van Batenburg. To establish a business, an auto shop must have the resources to provide the necessary services. Electric vehicles have no combustion engines and thus do not contain any engine oil, transmission fluid, hoses, belts, or gaskets. When compared to a combustion engine, electric vehicles’ integrated electrical system is much smaller in size.
The primary responsibility of EV technicians is to keep the main battery pack operational, while other electrical systems are also important. Because of the increased computerized nature of EVs, they are more difficult to train than other types of vehicles. During 2018, Tesla demonstrated that an OTA update could fix braking in Model 3s, paving the way for more remote car service. The skills and procedures required for battery health and maintenance differ significantly from those required by a regular mechanic. In the future, preventative maintenance and repair will almost certainly take place remotely, with the cost of physical repairs and maintenance significantly reduced. The regenerative braking on a Tesla Model 3 can cause the vehicle to stop almost as soon as the driver applies the brake on a regular basis. There are obvious dangers associated with electrical wiring and other components in a car, but it is critical to understand and train for electric power.
Mechanics will continue to evolve with the times as they evolve to more digitalized solutions, according to Cox. Mechanics are now able to learn new skills from home computers and tablets in the information age as they strive to remain relevant to their clients. Within the auto shop sector, there is no doubt that significant disruption will occur in the near future. The number of mechanics and auto shops will certainly fall as EV adoption becomes more mainstream, as we anticipate. Even if the United Kingdom decides to stop selling new gasoline cars by 2030, that will have no effect on all internal combustion engines.
Electric vehicle sales are expected to reach 39 million by 2020, with sales topping 8 million this year. The global electric vehicle market is expected to grow at a CAGR of 21.7% over the next five years. By 2020, it is expected to be 39.21 million units, up from 8.1 million units now. Concerns about pollution are driving this breakneck growth, in addition to a variety of other factors. Electric vehicles are becoming more popular due to their environmental benefits and increased production, in addition to their cost becoming more affordable due to advances in technology. Electric vehicle emissions are thought to be beneficial to utilities and their customers in many places. Electric cars have a positive impact on the environment and the economy as a whole. As an alternative to fossil fuels, they are a clean and environmentally friendly option that can reduce pollution while saving money on both sides.
Electric Cars: A Challenge For The Automotive Service Industry
Electric cars could very well replace the need for mechanics entirely by the end of the century. However, for the time being, they pose a significant challenge to the automotive service industry.
The vast distances that heavy vehicles must cover necessitate the use of mechanics on a regular basis. Electric vehicles, as opposed to traditional vehicles, do not require as much maintenance. Electric vehicles, on the other hand, are likely to eliminate the need for mechanics in the future. As a result, it will be difficult for the automotive service industry to gain traction in the near term.
Who Will Dominate The Electric Car Market?
The electric car market is forecast to grow significantly in the next decade. Various companies are vying for a position in this market, and it is still unclear who will ultimately dominate. Some of the key players include Tesla, GM, Ford, Nissan, and BMW. These companies all have different strengths and weaknesses, and it remains to be seen which will come out on top.
Electric vehicles continue to be the dominant category in the United States, with Tesla not even close to catching up. According to the Federal Trade Commission, Tesla vehicles accounted for 78 percent of new electric vehicle sales in the United States in 2020. The electric vehicle is the most popular car model in every state except Alaska, where Tesla has yet to open a service center. Tesla began production at its Gigafactory Texas facility earlier this year, as well as expansion of manufacturing at its Fremont factory. The increase in gas prices has resulted in a significant increase in the number of orders received by the automaker. Ford and Volkswagen are expected to increase their market share in the EV market in 2022.
If the rest of the EV industry wants to compete with Tesla, they must step up their game. Tesla is doing an excellent job of servicing and repairing their vehicles, but the rest of the industry must step up their game. Tesla is leading the charge in the market for electric vehicles as it grows. According to the first six months of 2022, the company controls 68% of the US EV market. Tesla is extremely popular as a result of its excellent service and repair department. However, if the rest of the EV industry wants to compete with Tesla, they must improve their game. The electric vehicle industry can improve their services by increasing the amount of maintenance required. Electric vehicles require regular maintenance, though not as much as gasoline-powered vehicles, but they also require regular maintenance and repairs. This type of maintenance cannot be performed in your driveway due to the technology involved, so you must take your EV to the shop on a regular basis. Electric vehicle manufacturers must up their game in order to compete with Tesla, but Tesla has done a fantastic job of servicing and repairing their vehicles. In addition to being a fantastic company, Tesla is always willing to assist its customers, but the rest of the EV industry must step up to assist them as well.
The Future Of The Electric Car Market Is Electric
What is the future of the electric car market? Electric vehicles are growing in popularity, with Tesla remaining the market leader. Failure to meet the EV target will result in a penalty. With so many different electric vehicle brands competing for customers, the future of the electric vehicle market appears bright.
Are Electric Vehicles Profitable?
Although EV costs are not as high today as they are in 2020, according to the study, they could be comparable or even more profitable by around 2025.
Electric vehicles are becoming more popular as a result of record gas prices. Jared Vaughan: I am a nerd for the most part. There is always room for improvement in my life. A car can be dyed and illuminated as part of a light show. The three authors explain how maintenance and energy savings can be achieved. The cost of ownership over the next five years will determine whether you should buy an EV. Consumer Reports compared EV ownership to gas-powered vehicles in 2020, and discovered that EV ownership would cost more in 2020.
In 2020, when the national average for gasoline was about $2.00 per gallon, EV owners would have saved between $800 and $1,300 on their gas bills. The average distance traveled by car per year is 15 kilometers on average. According to Consumer Reports, an electric vehicle saves money for the life of the vehicle as opposed to a gas-powered vehicle. It was the Ford Mustang on the low end of the spectrum. Mach E has a $3500 savings account. This saved me $16,800, which I used to buy Tesla’s Model 3. After 15 years of driving an EV, you could save up to $14,500 on your electric bill. “
We have the ability to sell them all day,” said Alex Tilma, Operations Officer of the Eck Automotive Group. The Ford brand is one of the first to introduce new EV technology. When the Ford F-150 Lightning was introduced, many people ordered it and are waiting for it to arrive.
Charging The only disadvantage of electric vehicles is that they require charging. Charging problems can arise if you are not close to a charging station or if you are away from home for an extended period of time. Charging your phone from a remote location, as well as carrying the charging cable with you, may be problematic.
A vehicle’s range – Electric vehicles have a lower range than gas-powered vehicles. Electric vehicles have a range of approximately 120 miles, whereas gas vehicles have a range of approximately 350 miles.
Is An Electric Car A Good Investment?
According to Consumer Reports, the cost of owning an EV will be higher than driving a comparable gas-powered vehicle in 2020. When the national average for gas was about $2.20 a gallon in 2020, EV owners would have saved $800 to $1,300, depending on the type of vehicle, for every 15,000 miles driven, the average distance driven per year.
Electric Cars: Cheaper To Operate And More Popular In Countries With High Gas Prices
Electric vehicles are also more affordable to operate than plug-in hybrids. Electric vehicles do not require routine maintenance, and you can drive them for thousands of miles without any problems. Electric vehicles are typically less expensive to operate than gas vehicles, according to an International Energy Agency study.
In addition, high gasoline prices are driving more electric vehicles into the market. Even in countries with high gas prices, consumers can purchase an electric car because electricity costs less.
Electric vehicles have a slew of advantages over plug-in hybrids in general. They are more cost effective and greener, as well as being less expensive to operate in countries with high gas prices. As a result, if you want a car that will save you money and protect the environment, you should consider an electric vehicle.
How Much Money Do You Get For Owning An Electric Car?
Drivers who purchase electric vehicles are eligible for a federal tax credit. The tax credit you receive in this program is worth up to $7,500, rather than a check mailed to you after the purchase of a vehicle.
As Electric Cars Become More Popular, Their Resale Value Remains High.
Electric cars are rapidly gaining popularity, with brands such as Volkswagen, General Electric, Honda, BMW, and Nissan all promising to phase out all non-electric vehicles by 2030. Electric cars are thought to retain approximately 48% of their original value after three years, which is slightly higher than their combustion engine counterparts.
Electric vehicles may benefit from this because car insurance is typically more expensive than conventional vehicles. Electric vehicles are more expensive to purchase and repair than other types of vehicles, and insurance companies charge their drivers more for coverage. While gas and tax incentives can provide you with significant savings on your insurance, they may not be sufficient to cover your policy’s extra costs.
When deciding on an electric car, keep in mind that the final price will almost certainly be heavily influenced by the cost of batteries and charging infrastructure. Even if you already own a conventional car, the extra costs of electric car insurance will be relatively minor.
How Do You Make Money Investing In Electric Cars?
Investing in electric vehicles can be accomplished in two ways: buy stock in automakers that manufacture EV products, such as Tesla, or invest in an exchange-traded fund that primarily invests in companies that manufacture them.
What Will Oil Companies Do When Electric Cars?
Oil companies are in a quandary. They know that electric cars are the future, but they also know that they have billions of dollars invested in oil exploration, production, and refining. They are also major sponsors of auto racing. What will they do when electric cars make gasoline cars obsolete?
Some oil companies are investing in electric car charging stations, but they are also hedging their bets by investing in hydrogen fuel cells. They know that the internal combustion engine is on its way out, but they are hoping to prolong its life by investing in alternative fuels.
Electric vehicles are driving an increase in the use of “new fuels.” The oil industry is adapting to this. Oil companies are looking for clean, renewable fuels and green gold. If you can’t dig electricity out of the ground, how can the incumbent oil giants muscle onto the EV scene? We can think about it in terms of utilities and a charging network. Royal Dutch Shell has already committed to investing over US$1 billion (A$1.40 billion) in clean power, including “new fuels.” In Germany, the company has built a network of hydrogen filling stations to support hydrogen FCEVs.
Total has a battery factory under construction in China, 20,000 charging stations planned for Amsterdam, and solar and e-mobility projects in China. Sinopec is the largest oil company in the world, but it lags behind other large corporations in EV efforts. Given China’s lagging environmental goals, it’s easy to see why there is relative apathy. In North America, EV interest has not yet spread as quickly as in Europe. A report on global electric vehicle adoption commissioned by Castrol, a BP brand, was commissioned to determine the ‘tip-point’ for electric vehicle adoption. Over 6500 chargers were repainted in the company’s colors green and yellow (along with a few blue ones) as part of the campaign. At the heart of the company is its renewable energy business, which includes biofuels, solar panels, and “smart grids” technology.
Materials for ethical and sustainable use are available all the time. When Hyundai manufactures its Nexo SUV, for example, it uses more than 30kg of renewable materials, such as bamboo and sugar cane mulch, in its interior. As global demand for electric vehicles grows, major oil companies are recognizing that electrons are the future rather than decades of producing vast profits by providing transportation fuels for the world.
Electric vehicles may already be displacing oil consumption as the technology advances.
According to a new report, electric vehicles could be displacing two million barrels of crude oil per day by 2023. As a result, there would be a severe oil supply crunch comparable to the one that erupted in 2014 as a result of a supply glut. In other words, it is a very aggressive forecast, given that compound annual growth rates of more than 60% cannot withstand the test of time.
Electric vehicles, on the other hand, have many advantages over gasoline-powered vehicles. The vehicles do not require oil changes, so they are extremely cost-effective for drivers. They’re also a lot less expensive to run, which is one of their major advantages.
Yes, there’s a simple answer to that. It is not necessary to change oil in electric vehicles that are completely fueled. Because they lack the internal combustion engine found in gasoline-powered vehicles, these vehicles are not as fuel-efficient as those with one. Electric vehicles, such as the 2022 Chevy Bolt, are powered by electric motors and batteries.
There’s a lot to be excited about in the future of electric vehicles, and we can’t wait to see what they can do to curb oil consumption.
The Future Of Oil: Electric Cars Are Taking Ove
Electric vehicles will gradually overtake the market and have an impact on the oil industry. Electric cars are slowly becoming the norm, despite the fact that oil demand is still high. As more people choose electric vehicles, the demand for oil is expected to fall.
How To Sell Electric Cars
The best way to sell electric cars is to appeal to buyers who are interested in saving money on fuel costs. Electric cars are much cheaper to operate than gas-powered cars, so buyers who are interested in saving money will be more likely to purchase an electric car. It is also important to appeal to buyers who are interested in protecting the environment. Electric cars produce no emissions, so they are much better for the environment than gas-powered cars.
Electric vehicles can travel over 200 miles on a single charge, or even 300 miles if the battery is fully charged. If you have a family with this type of EV, a used version of it will be a great addition to your family’s fleet. My EV.com offers search tools for EV specific models and detailed model descriptions for sellers, as well as 100% free listings for sellers. The battery’s range must be checked in order for it to reach its maximum capacity. Under federal law, automakers are required to provide a warranty of eight years or 100,000 miles for EV batteries. If the vehicle is a recent vintage, the original manufacturer’s warranty may still apply. You will need to take several high-quality photographs of your vehicle inside and out. MyEV.com can assist you in determining the value of your EV when you list it. If a prospective buyer wants to see the vehicle at a specific time of day, you may feel safer showing it only during those times.
Electric Cars Vs Gas Cars: Which One Loses Value Faster?
Electric vehicles have a lower resale value than gasoline vehicles, but this varies according to the model, according to Easterns Automotive. The average annual loss for an EV after five years of ownership ranges from $5,700 to $28,500. Gas-powered vehicles, on the other hand, typically lose more money over the first five years of ownership, costing around $3,200 per year on average. Electric cars may have a lower resale value than gasoline-powered vehicles in the long run, but they may also have a lower operating cost in the long run.
Making Electric Vehicles Profitable
Electric vehicles are not currently profitable. In order to make electric vehicles profitable, there would need to be a significant increase in demand for electric vehicles. Alternatively, the cost of electric vehicles would need to decrease significantly. The current infrastructure for electric vehicles is also not very developed, so there would need to be a substantial investment in infrastructure in order for electric vehicles to become profitable.
According to McNamara, consumer interest in electric vehicles has never been higher, and sales have accelerated. Cars that sell EV do not make a profit, and they are often more expensive to produce than comparable models. As battery prices fall, McKinsey proposes that EV economics shift from red to green. There has been a surge in consumer interest in purchasing an electric vehicle. Most global automakers (OEMs) in China, Europe, and the United States will offer a wide range of vehicles by 2020. The main barriers to wider consumer adoption of electric vehicles are price and driving range. By combining strategic decontenting and a dedicated EV platform, OEM EV costs can be reduced by up to $7,100 per vehicle.
By early to mid-century, it is possible to develop an EV that competes with ICE vehicles in terms of cost and performance. Finding cost and revenue levers will be critical in narrowing the gap. According to Mckinsey’s teardown study, lowering the cost of cockpits, electronics, and body simplifications can result in a $600 savings. Using these insights, we discovered thatOEMs can reduce the price of fun-to-drive vehicles to $1,300-$1,800 per vehicle and create simple vehicles at a lower cost. Among these content options are those that use more basic vehicle electronics and less powerful vehicles. If a 50 kilowatt battery could be reduced to 40 kilowatts, the savings would be $1,900 to $2,100 today. In a purpose-built EV platform, the assembly process is simple and the cost per vehicle could be reduced by up to $600.
To improve margins, you may want to think about other measures beyond cost cutting. In comparison to other cities, EV owners will be able to find more profitable ways to drive in London, where EV drivers do not pay the £24 congestion charge. Direct sales to fleets can reduce selling costs by up to $1,000 per vehicle, which can be accomplished by using a dealership rather than direct sales to fleets. Leasing batteries separately from the vehicle and reselling them to stationary storage markets would make it easier for automakers to lease batteries from the vehicle. As cities expand and urban mobility changes, product design, capital allocation, and the way people live are all becoming increasingly difficult for Original Equipment Manufacturers (OEMs). If an automaker sold 50,000 vehicles per year over five years and saved $4,000 per vehicle in direct materials, it could recoup the estimated $1 billion in incremental fixed costs associated with a dedicated platform by saving more than $4,000 per vehicle in direct materials. EV ownership has the potential to reach cost parity with and become equally profitable as ICE vehicles by around 2025 (Exhibit 5).
McKinsey and other industry experts have been hired to conduct detailed studies on the potential costs of electric vehicles. Battery costs and related price declines are expected to continue in the future as a result of improved chemistry and scaled-up manufacturing. In 2025, an electric vehicle manufacturer could expect to break even on each EV in comparison to ICE vehicles and achieve a profit margin of 2% to 3% per vehicle. In this case, consumers will not pay any premiums in order to obtain pricing from government sources. There is no disagreement that the next five years will be a difficult transition period for manufacturers and suppliers alike.
Will Electric Cars Be Successful?
Sales of electric vehicles have risen by more than 40% in the United States over the last year. It is expected that by 2035, the majority of automotive markets will be entirely electric, providing both a glimpse of a green future and an economic opportunity.
Electric Vehicle Sales
As the world becomes more aware of the damaging effects of greenhouse gas emissions, many countries are beginning to encourage the use of electric vehicles. Sales of electric vehicles have been increasing in recent years, as the technology becomes more affordable and reliable. In 2017, global sales of electric vehicles reached a record high of 1.1 million units, with China accounting for over half of all sales. The rise in electric vehicle sales is expected to continue in the coming years, as more countries adopt policies to promote their use.
Electric vehicles began rolling on the road in the United States in 1890, and the first mass-produced hybrid electric vehicle was released in 1997. According to the second quarter of 2022, EV sales accounted for 5.6% of total auto sales, up from 2.6% in 2021. Electric vehicles have grown in popularity as cost-effective alternatives to gasoline for obtaining from point A to point B because they produce over 77% of the energy they consume when they drive. Electric vehicles can travel at speeds of up to 100 miles per charge. According to Deloitte, the issue of inadequate charging infrastructure is preventing 14% of U.S consumers from considering a battery electric vehicle. Electric vehicles can take anywhere between 3 and 12 hours to fully charge their batteries. According to the findings, 13% of American consumers do not consider purchasing an EV due to the high cost.
The government may be able to eliminate this burden by offering new tax credits. According to the US Department of Energy, there are several EV models that may qualify. Electric vehicles are becoming more popular, and so are other clean tech areas. Consumers may begin to use electric vehicles in the future as governments continue to encourage these newer vehicles. With the help of Q.ai’s Clean Tech Kit, you can make simple, environmentally friendly investments.
Electric Cars On The Rise
It has been demonstrated that electric vehicles can play a significant role in driving societal change. They are not only more environmentally friendly than standard cars, but they are also more affordable. An electric vehicle, for example, costs about one-third of what a comparable gasoline vehicle costs in the United States.
Electric cars are becoming more popular due to a variety of factors. The Zero Emission Vehicle Credit and the California Air Resources Board’s (CARB’s) Zero Emission Vehicle Mandate are two examples of government initiatives, as are Tesla’s $1,000 per month leasing program and the California Air Resources Board’s Zero Emission Vehicle Mandate.
Not only is this increasing popularity having a negative impact on the environment, but it is also having an economic impact. Electric cars can run on renewable energy and are a valuable source of transportation not only in urban areas, but also in rural and long-distance trips, as well as in rural areas.
Electric vehicles are expected to become a significant part of the transportation landscape in the future. There is no doubt that we must do everything in our power to ensure that these vehicles become the norm and that we reduce fossil fuel consumption.
Impact Of Electric Vehicles On Automotive Industry
The impact of electric vehicles on the automotive industry is far-reaching. Electric vehicles are drastically different from traditional gasoline-powered vehicles in terms of how they are powered and operated. As a result, the automotive industry must make significant changes in order to accommodate electric vehicles. Some of the most notable changes include the development of new infrastructure to support electric vehicles, such as charging stations, and the production of electric vehicles on a mass scale. Additionally, the automotive industry must adapt its marketing and sales strategies to appeal to consumers who are interested in electric vehicles. Ultimately, the impact of electric vehicles on the automotive industry is both significant and far-reaching.
In 2021, the market for pure electric and plug-in hybrid passenger vehicles is expected to reach a record high of over 6 million units. Supply chain constraints are already being felt in the battery metals industry, including lithium, cobalt, and nickel. As electric vehicle manufacturers innovate, raw material costs and charging times are being reduced. Electric vehicles’ success will put a strain on the fossil fuel market, and energy experts anticipate a decline in oil demand for transportation. The outcomes of both the oil and gas industries are heavily influenced by government policies and EV incentive programs. The U.S. Pipeline Companies are in the process of developing strategies for investing in existing renewable fuel plants. The proposed clean car rules are expected to raise electricity demand by only 1.3% in the United States.
As a result of the Biden administration’s proposed new climate standards for automobiles and light-duty trucks, the amount of petroleum burned in the United States is expected to be reduced by one year by 2050. As a result of the surge in lithium-ion batteries imported for other applications, the price of these batteries skyrocketed by 1450%. The supply of some of the most important EV battery components, such as lithium and cobalt, will be extremely limited after 2024. Another major component of the EV battery, nickel, will maintain its market surplus for the next decade. President Biden will sign an executive order next week calling for the sale of all-electric vehicles to account for 50% of all new vehicle sales by 2030. Electric vehicle charging infrastructure is becoming increasingly popular as U.S. utilities collaborate to build charging networks. As a result of new European Union legislation introducing battery passports, miners are likely to face further off-take difficulties. To gain a better foothold in the battery supply chain, we must invest in sustainable lithium recovery technologies.
Opportunities For Electric Vehicles
The use of electric vehicles is becoming increasingly popular as the technology improves and the cost of ownership decreases. Electric vehicles offer many benefits over traditional gasoline-powered vehicles, including lower operating costs, reduced emissions, and increased efficiency. There are a variety of electric vehicles on the market, from all-electric cars to hybrid electric vehicles, and the number of models is expected to continue to grow in the coming years. With the continued expansion of the electric vehicle market, there are a number of opportunities for businesses and consumers alike.
This scene is reminiscent of the automobile manufacturing industry at the end of the nineteenth century. Electric vehicles will account for 10% of global passenger vehicle sales by 2025. New charging infrastructure is estimated to cost between $75 and $125 billion, according to The Brattle Group. Because a charging station is a construction project, it is an excellent project finance opportunity. Siting, permitting, financing, construction, and operating are all aspects of the process. Nonetheless, the operation is much smaller on a scale. Furthermore, fleet owners are purchasing new vehicles, which provides an even greater opportunity for a knowledgeable service provider.
As software providers develop new solutions, they are making all of this work easier for developers and fleet owners. Fleet owners can still reap significant savings because of incentives and lower operating costs. They may even be able to make a profit if their vehicles can run as batteries on the grid.
