Far too much attention is paid to extreme MPG goals. By focusing on incremental improvements to the lowest MPG vehicles, such as those operated by commercial fleets, we can achieve significant reductions in fuel consumption and save money.
Greening a fleet is becoming an economic pursuit. Fuel costs are rising, emissions regulations are tightening, and containing total cost of ownership (TCO) is becoming increasingly complex. Alternative vehicle technologies let fleet owners maximize their financial resources, while reducing exposure to volatile fuel prices. Businesses can get this done cost-effectively by taking a hard look at the newest technologies on the market, which are now being tested and could soon rival more mainstream – and more expensive -- options.
McKinsey & Company, the top-tier strategy consulting firm, recently released a study on the likelihood and potential impact of another oil price spike. While no one can predict the future price of oil, the study raises important points to consider for executives with oversight of or direct management of fleet transportation.
When we started XL Hybrids, we wondered why hybrid vehicle technology had not yet been adopted by commercial fleets at any significant scale. Businesses use a lot of fuel and would seem to benefit greatly from HEV technology, but yet, there were relatively few actually deployed in fleets.