Optimizing Costs and Emissions in Electric Fleet Management

The transition toward sustainable mobility in the transportation sector has positioned the electrification of corporate fleets as a crucial step in reducing environmental impact and promoting energy efficiency. Given the heavy reliance of businesses on vehicles for daily operations, optimizing fleet electrification is essential for balancing operational performance, cost-effectiveness, and sustainability. This study explores the integration of renewable energy sources in fleet charging strategies and employs a linear programming model to optimize vehicle charging processes, ensuring efficient energy utilization and reduced dependence on conventional power grids. This research provides businesses with actionable strategies to manage sustainable fleets while minimizing costs and maximizing environmental benefits. Additionally, a comprehensive total cost of ownership analysis highlights the long-term financial advantages of Electric Vehicles (EVs) over internal combustion engine vehicles, considering factors such as energy consumption, maintenance, and operational savings. The findings underscore the economic viability of EV adoption and reinforce the strategic role of electrified fleets in advancing corporate sustainability initiatives.