Research Shows Savings of $1 Million in Vehicle Costs by Switching to Electric Vehicles

Credit: Jack Amick, Flickr Creative Commons

Switching to electric vehicles could help Minnesota cities and organizations save money, use less gasoline and reduce carbon emissions, and the results of a new study of fleet vehicles shows just how much.

A dozen cities and organizations participated in an Xcel Energy study to help determine if any of their current fleet vehicles could be replaced with electric vehicles (EVs), and the results are promising. Participants in the study included HealthPartners and the cities of Bloomington, Faribault, Fridley, Hastings, Inver Grove Heights, St. Louis Park, White Bear Lake, Winona and Woodbury. The results found that study participants all together could save more than $1 million in vehicle costs by switching to EVs. EVs would also save more than 45,000 gallons of fuel annually and reduce carbon emissions by nearly 725 tons. More than 200 fleet vehicles were assessed during this study, and the study recommends that nearly 100 be replaced with electric vehicles.

As part of this study, Xcel Energy worked with FleetCarma to install tracking technology on selected fleet vehicles from each city or organization. The devices monitored how these vehicles were being used and tracked mileage traveled, fuel efficiency and idling time. This data helped identify which vehicles are best suited to be replaced with an EV model, based on the financial and environmental benefits.

Xcel Energy will continue to work with public and nonprofit organizations to help them electrify their fleets. The company is currently working with the City of Minneapolis, the Minnesota Department of Administration, and Metro Transit to provide charging infrastructure for their vehicles and plans to roll out new pilots for fleet operators in the future.

Xcel Energy’s electric vehicle plans, which include work with fleets, residential charging, and public charging, are part of the company’s long-term clean energy strategy. EVs present an opportunity to build on the company’s plans to reduce carbon emissions by 80% by 2030 while benefitting customers.

 

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