Smith Electric Vehicles, the producer of all-electric medium-duty commercial vehicles, announced that it has now produced over 700 of its all-electric Edison and Newton trucks, which have cumulatively generated over five million miles on the road.
This is a significant milestone for the Smith Electric Vehicles and shows that the adoption rate of commercial electric vehicles by major global blue chip corporations continues to expand.
The growing demand for fleet transformation through electrification is driven by Smith Electric’s customers in recognition of the significant economic and environmental benefits of short-haul fleet electrification. Medium-duty gas and diesel trucks are expensive to operate and are one of the biggest contributors to urban pollution. These vehicles typically travel on fixed routes of fewer than 100 miles in a single day, and are based in a centralized depot, making them ideal for conversion.
Customers who work with Smith Electric to transform their fleets save an estimated 70% annually on fuel and maintenance during the life of the vehicle and eliminate all vehicle-based emissions. Across a large fleet this can mean millions of dollars in annual operational savings, hundreds of thousands of gallons of fuel offset, and sparing the air of tens of thousands of tons of greenhouse gases.
The five million miles travelled by Smith Electric vehicles have resulted in significant environmental benefits including the offsetting of an estimated 700,000 gallons of fuel, and eliminating more than 10,000 short tons of greenhouse gases.
Demand for Smith Electric’s complete, end-to-end fleet transformation service, which comprises initial consultation, vehicle supply and ongoing performance monitoring and maintenance, is frequently driven by CEOs and CFOs of companies who recognize the economic, environmental and commercial benefits of fleet electrification.
Smith Electric believes that short haul urban transport is the current greatest market opportunity for fleet electrification, a market in which operator demand, logistical viability, political support and environmental benefit are all aligned. There are six million medium-duty commercial vehicles, representing a $40 billion market across North America, Europe and Asia-Pacific. The company estimates that a significant portion of these vehicles service short-haul routes in urban centers, and is targeting this segment for fleet electrification.[wzslider height=”400″ lightbox=”true”]