US automakers are looking to boost electric vehicle sales by broadening their horizons. Alongside individual consumers, daily rental, corporate, and government fleets also form a large customer base for carmakers.<\/p>\n
Registration data from S&P Global Mobility underscores Tesla’s commanding presence in this field, which represented almost one-third of EV sales to fleet operators in the US from July 2022 to July 2023. Tesla’s dominance is primarily attributed to its $4.2 billion deal involving the sale of 100,000 units of the Model 3 to car rental giant Hertz.<\/p>\n
Although Hertz is now scaling back on its EV ambitions due to the high cost of repair and low resale value due to Tesla’s price cuts, Bloomberg<\/em> recently reported.\u00a0<\/p>\n With 28,252 units sold during the aforementioned period, the Model 3 accounted for 23 percent of all fleet EV sales, ahead of the Chevrolet Bolt, which accounted for 16 percent of the sales with 19,502 deliveries. The Model Y ranked third with over 11,000 units sold, followed by the F-150 Lightning, America\u2019s best-selling electric truck among fleet owners.<\/p>\n The Bolt EV alone accounted for 39 percent of government EV registrations, equal to the combined government fleet registrations of Ford, which includes models like the F-150 Lightning, E-Transit, and the Mustang Mach-E. Although, the growth percentage of fleet EVs compared to previous years is unclear \u2013 we\u2019ve reached out to S&P Global for additional data.<\/p>\n Why do fleet EVs matter? Well, EV rentals can be crucial in educating newcomers. It\u2019s a great way to experience unique EV characteristics like instant torque and regenerative braking among others. First-timers can also explore the public charging infrastructure, and get a first-hand experience of the difference between charging speeds of Level 2 and Level 3 chargers \u2013 a short test drive at the dealership does not necessarily allow such first-hand experiences.\u00a0<\/p>\n That said, it also gives the government and other commercial fleet operators a chance to reduce their carbon footprint.<\/p>\n Here are the top 10 new fleet EV registrations in the US (July 2022-July 2023):<\/p>\n