Public fleets can procure electric vehicles at a cost that is competitive with, or lower than, conventional vehicles under several conditions, according to the research and analysis conducted for this report. Declining costs of battery technology combined with incentives such as rebates or tax credits that public fleets can capture make EVs a viable alternative to conventional vehicles now, even in an era of low gasoline prices.
The objective of this report is to identify opportunities to achieve the EV Smart Fleets goals through research, stakeholder outreach, and financial and environmental performance analysis. The report finds that a multi-state EV agreement solicitation can increase the likelihood of favorable terms for acquiring EVs for both small and large public fleets. The research and analysis presented in this report highlight important considerations to improve the likelihood that a solicitation and resulting multi-state agreement achieves the project goals.