A 2024 Frost & Sullivan whitepaper, sponsored by WEX, explores the transition to electric vehicle (EV)-based fleets as a key strategy for businesses prioritizing sustainability. The study, which interviewed over 500 businesses with mixed EV/ICE fleets across Europe, the US, Australia, and New Zealand, highlights that EV adoption offers more than just immediate environmental benefits. Fleet managers are encouraged to integrate sustainability into their operations, meet emissions regulations, and respond to changing consumer behavior. Advanced payment solutions, telematics, and route optimization further enhance fleet efficiency and reduce environmental impact.

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