VEV reveals that Fleets Are ‘Over-specced’ by up to 20% in their Electrification Plans

  • EV fleet transition is a new and complex endeavour and there is a shortage of expertise, which makes it hard to do well
  • One common misconception is the assumption that each electric vehicle (EV) requires a dedicated charger, which is not the case
  • Proper analysis of vehicle usage patterns, routes, and charging needs can reduce the required infrastructure needed, therefore lowering the risk of over-investing
  • VEV uses telematics data to determine the exact charging infrastructure needed, considering duty cycles, journeys, vehicles, routes, energy sources, operational needs and more
  • VEV’s CEO Mike Nakrani will be on a panel at LCV Cenex called Navigating the Path to Net Zero Fleets: From Challenges to Change this Thursday at 9.30am

5th September 2023 London, UK: VEV, the e-fleet solutions provider backed by Vitol a world leader in energy, finds a significant proportion of fleets currently undergoing electrification have ‘over-specced’ when it comes to their charging infrastructure needs.

The problem is largely down to to fleets embarking on electrification themselves for the first time. The transition will involve multiple providers and stakeholders, and navigating the complexities requires specialist knowledge to anticipate and consider all factors, including vehicles, charging infrastructure, energy sources, energy management and operational patterns. Every EV fleet needs bespoke design, it’s not a one-size-fits-all.

One factor is the assumption that each electric vehicle (EV) requires a dedicated charger. This leads to fleets over spending on infrastructure, adds unnecessary complexity to the transition and wastage during fleet operations.

There can also be a tendency for businesses to design for every eventuality, however rare. But the insight gained from expert analysis of telematics data will allow businesses to predict and plan for these outliers and make informed decisions to ensure the investment is appropriate and the operation is optimised.

Mike Nakrani, CEO of VEV, said:

“Making assumptions in the complex realm of fleet electrification can be a costly mistake. Our customers ask us to take a strategic role for them, working with a variety of partners across vehicles, charging and energy, to achieve cost-effective transition to EVs. With the correct decision-making tools in place, companies can reap the benefits of the energy transition faster and more cost-effectively.”

By leveraging comprehensive data analysis, VEV determines the exact charging infrastructure and operational patterns necessary, considering factors such as energy sources, duty cycles, vehicle capability, time of day, driver habits, and operational requirements. This data-driven approach streamlines the electrification transition and ensures post-implementation cost-effectiveness in EV fleet operations. So over-investment is avoided and business efficiency maximised.

As the electrification of fleets becomes increasingly vital for carbon reduction goals and efficiency, VEV is assisting fleet owners and managers in making informed decisions that will shape the future of their operations.

Mike Nakrani will be part of a panel discussion on Thursday 7th September at Cenex-LCV entitled Navigating the Path to Net Zero Fleets: From Challenges to Change. He will also be available for media interviews at the VEV stand at C4109 (Hall 4, stand 109).

For media inquiries or further information, please contact . VEV’s media kit is available here.

About VEV

VEV is owned by Vitol, a world leader in energy which to date has committed circa $2 billion to sustainable energy initiatives worldwide.

VEV helps organisations deliver on their carbon reduction ambitions with an end-to-end fleet electrification solution that integrates across vehicles, charging infrastructure and power.

VEV navigates the complexities of EV transformation to design and implement cost-effective EV fleets optimised for specific fleet requirements. We support EV fleet operations to guarantee resilience and keep mission-critical fleets running at scale. Bespoke, scalable business solutions are designed around the client’s own fleet data analysed by a powerful assessment tool and our experts in energy and sustainable e-mobility. VEV sets businesses up for success in an electrified future.

More information at