Fleets in North America represent a $200 billion market — electrification can reduce greenhouse gas emissions and deliver costs savings to operators
CHICAGO & OAKLAND, Calif.--(BUSINESS WIRE)--Oct. 8, 2019--
Navigant Consulting, Inc. (NYSE: NCI) and eIQ Mobility, Inc. today announced they have entered into a strategic alliance to provide turnkey electric vehicle fleet as a service (eFaaS) solutions to clients across North America and Europe.
In the U.S. today, fleet operators spend more than $200 billion annually operating and maintaining vehicles, of which less than 1% are currently electrified. As efforts to decarbonize the global transportation sector gain momentum, the shift to electrified transportation has become a key component. According to Navigant, switching from conventional vehicles to EVs can reduce greenhouse gas emissions as well as operating costs.
“EVs often have a lifetime cost advantage, but fleet conversion can be a challenge and integration can be complex,” says Jan Vrins, leader of Navigant’s global Energy practice. “Navigant and eIQ Mobility can help simplify the process through eFaaS, offering our clients a seamless service provider for leasing EVs and procuring EV charging stations in bulk on a per-mile basis, resulting in immediate savings.”
Navigant and eIQ Mobility will work with utilities and commercial and industrial clients to streamline electrified fleet deployments. The alliance plans to pilot a turnkey guaranteed-cost-per-mile contract that bundles EVs, charging infrastructure, energy, energy management, maintenance, performance tracking, and sustainability reporting.
“Fleets in North America represent a massive market of over 300 billion miles per year that is on the cusp of electrification, but fleet executives need to find solutions to reduce risk in this transition,” said Sila Kiliccote, CEO of eIQ Mobility. “That’s exactly what eIQ Mobility is doing with our data-driven decision tools and eFaaS solutions. Our existing major fleet customers are very excited. And with Navigant, we can dramatically expand our customer base and execution.”
The alliance combines Navigant’s innovative research and consulting work in the areas of EVs and mobility, and eIQ Mobility’s machine-learning technical and economic feasibility planning tools, which have already been applied to 13 major U.S. fleets, analyzing over 200 million miles traveled.
“Transportation makes up 29% of U.S. greenhouse gas emissions,” said Ted Walker, managing director at Navigant. “To tackle growing emissions from the transportation sector, we will start with light-duty vehicles, but expect to quickly move into delivery and services fleets, in particular medium-duty vehicle fleets, which may offer an optimal solution to curb emissions in the near term.”
About eIQ Mobility
eIQ Mobility, headquartered in Silicon Valley, accelerates the transformation to zero-emission mobility through guaranteed price-per-mile EV contracts. The company’s goal is to completely de-risk fleet migration from internal combustion engines to electric vehicles. Zero-Emissions Mobility. Zero-Risk. The eIQ Mobility team of highly skilled data scientists, developers, and experts in energy optimization, utilities, EV & finance are working with over 12 major North American and global fleet customers, with EV feasibility results for 30,000+ vehicles, 2.5+ million trips, and close to 200 million miles driven. Customers include package delivery, cable, technology, food, beverage, retail, distribution, manufacturing, automotive, and several utilities. For more information, please visit www.eiqmobility.com or contact email@example.com.
Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
With over 600 consultants, Navigant’s global Energy practice is the largest energy and sustainability consulting team in the industry. We collaborate with utilities and energy companies, governments and NGOs, large corporations, product manufacturers, tech vendors, and investors to help them thrive in a rapidly changing energy environment. Our clients include the world’s 60 largest electric, water, and gas utilities; the 20 largest independent power generators; and the 20 largest gas distribution and pipeline companies. Navigant’s seasoned professionals and highly skilled specialists form exceptional teams to help clients transform their businesses, manage complexity and accelerate operational performance, meet compliance requirements, and transform organizations and systems to address upcoming changes as the energy transition accelerates.
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Source: Navigant Consulting, Inc.
Navigant Investor Relations
eIQ Mobility, Inc.