• Opex benefits are emerging, but TCO is still held back by early stage ecosystem constraints
• Upfront cost gaps, residual value doubts and policy and grid inconsistencies are slowing BEV investment
• Scaling will depend on coordinated action across the ecosystem to remove these barriers
Corporate fleet electrification represents a significant economic and climate opportunity for Europe, according to the EY–Eurelectric report Fleet Forward: powering the transition to electric mobility.
The report finds that transitioning Europe’s corporate fleets could unlock up to €246 billion in cumulative operating cost savings by 2030. It also estimates that full fleet electrification could reduce up to one billion tonnes of CO₂ emissions by 2030.
Operating expenditure advantages are already visible across key fleet segments. The report shows that electric cars and light commercial vehicles can deliver meaningful per-kilometer operating cost savings compared with internal combustion engine equivalents, particularly where depot or home charging dominates. Electric trucks can also achieve lower operating costs on defined routes where charging strategy and CO₂-based tolling frameworks align. (....)