Fleet automation is crucial in the fiercely competitive environment we live in. Fleet automation has come just in time for fleets to optimise revenue by optimising operations, organisational structures, and long-term business plans. There are several businesses offering top-notch fleet automation services globally, but Ridecell stands apart. Regardless of how ambitious or enormous their objectives may be, Ridecell takes pleasure in assisting the largest fleets in the world to digitally alter their business operations. By fusing real-time data insights with digital vehicle control, the Ridecell fleet automation and mobility platform modernises and makes fleets profitable by turning manual operations into automated workflows.
The vision of a world where fleets maintain and operate themselves is now a reality. The outcomes? For shared services, motorpool, rental, and logistic fleets that depend on vehicles and drivers to advance their businesses, unmatched efficiency, unmatched control, and perfect transparency are essential. The most prosperous fleets in Europe and North America, such as Gig Car Share from AAA, Arval, and KINTO Share by Toyota Sweden, are currently powered by Ridecell. Ridecell develops the technology and solutions that unleash the full potential of fleets. Ridecell is headquartered in San Francisco, California, and has offices there as well as in Madrid, Paris, Berlin, and Pune, India.
What the Clean Vehicle Tax Incentive Will Mean for Fleet-Based Businesses
Increased use of electric cars (EVs) is actively being pushed for. Understanding how EVs fit into a fleet of mostly fuel-based vehicles has never been more crucial given the rising attention on climate change and environmental protection. Understanding the tax benefits of switching to clean EVs under the Inflation Reduction Act (IRA) is another aspect of the strategic planning for the future of EV-based fleets for fleet-based enterprises that depend on drivers and cars. By incorporating EVs into existing fleets, companies can get knowledge on how clean vehicles will alter their fleet’s operations, revenue stream, and composition without compromising productivity, safety, or customer service.
Helping Fleets and the Environment by Taking Action
In order to better conserve the environment for present and future generations, the Inflation Reduction Act is influencing how people get from point A to point B. The passage of this act will have a profound impact on the tech sector, particularly for fleet-based businesses that depend on technology to make smart, timely decisions that directly impact daily operations, one of which focuses on seamlessly integrating EVs into their fleet with little to no disruption to the overall business or bottom line.
Commercial vehicles will be qualified for a tax credit starting in 2023 that is equal to 30% of the price difference between an EV and its fuel-powered alternative. Although the economy will benefit from this, there are some restrictions. For vehicles weighing more than 14,000 pounds, there will now be a $40,000 cap. With medium and heavy-duty vehicles responsible for approximately 24% of US transportation-related greenhouse gas (GHG) emissions, this transformation has a significant environmental benefit.
Making Numbers Simpler
When it comes to doing the math, this credit makes the ordinarily challenging math activity of determining total cost of ownership much simpler (TCO). Making sense of the behaviour of their fleet as well as the money invested in their drivers and vehicles is necessary for fleet owners and operators. Additionally, as more fleets decide to switch from fuel-based to clean vehicles, understanding where money is spent and saved is essential knowledge to maintain smooth operations. Over 16 million EVs were operating on the world’s roads as of 2021. Businesses and the environment are starting to benefit from the growing interest in EVs and the addition of clean vehicles to fleets by more companies. Operating an EV can minimise expenses for gasoline by 60%3, expenses for maintenance by 40%4, and CO2 emissions by 50%5. When these kinds of cost reductions are acknowledged, the bottom line is impacted in a lasting way, giving fleet owners and managers the opportunity to reinvest in their fleet, boosting efficiency and customer service while maybe broadening their service offerings. Future Fleets: Driving them. The advantages of incorporating EVs into fleets have long-lasting effects for fleet management. With a range of about 200 miles per charge6 and access to more than 7 million charging stations worldwide7, driving a clean vehicle also comes down to driver acceptance and how effectively they operate the vehicle.
According to Aarjav Trivedi, founder and CEO of Ridecell, “With EVs, it’s extremely crucial to boost vehicle usage so the car is being utilised by multiple individuals and numerous shifts.” Fleet managers must utilise EVs more frequently and collect more data from them than from conventional fuel-powered vehicles in order to be considered sustainable. Fleet automation can assist in automating choices such as charging places and timings, making it much simpler to operate these vehicles overall across makes and models, which will facilitate speedier adoption, according to him.
Discover the visionary behind Ridecell’s success.
Aarjav Trivedi, Founder and CEO, established Ridecell in 2009 and oversaw its development from a demand-response service on a college campus to a global platform that facilitates more than 15 million rides annually. He is in charge of determining the company’s overall strategy.