Are EVs the Solution to Rising Gas Prices?

electric vehicles
electric vehicles

Gas prices are hard to predict, but the price of electricity is more consistent, making electric vehicles (EVs) favorable.

Dealers are making hundreds of thousands more EVs compared to the start of 2010. In 2010, there were an estimated 10 thousand owned electric vehicles in the United States. In the past four years, over 300 thousand electric vehicles have been sold annually. Any fleet can incorporate EVs, but how do you manage them? AssetWorks has the answer with our integrated EV software, FuelFocusEV.

FuelFocusEV is completely integrated with our fleet management software system, FleetFocus. We want your fleet to get the most out of your time and money. FleetFocusEV monitors, alerts, and records all relevant data on your organization in one program.

The software aggregates charging costs adds internal surcharges and distinguishes between the cost of the grid and non-grid electricity. FuelFocusEV will provide multiple reports so you can analyze energy consumption for your fleet. When charging on a FuelFocusEV the date and time of the charging session, the actual time of charge, total kilowatts consumed, and the kilowatt per hour cost are collected. It is all then automatically sent back to the office leaving no room for data entry errors. This helps fleet managers to accurately plan capital using the collected electricity cost.

If you are unsure if FuelFocusEV will work for your business, AssetWorks will conduct a site walk through your parking site to assess accessibility, and we will let you know if any facility modifications are needed.

If these benefits were not an incentive enough, there is additional money back from installing or purchasing an electric vehicle charging station. If you purchased or installed a charging station from 2018 to the end of 2021, you could be eligible for a 30% tax credit up to $30,000. This is part of the US Code 30C Alternative Fuel Infrastructure Tax Credit which covers out-of-pocket costs for infrastructure. It does not apply to permitting and inspection costs.

To learn more about how to combat rising gas prices with electric vehicles, contact the AssetWorks team by filling out the form below.
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