Company fleets: the trends of 2024

The year 2024 will be a crucial one for the evolution of company fleets, as new technologies, regulations and consumer preferences will shape the future of mobility.

In this article, we will explore some of the main trends that will affect the fleet management industry in the next few years.

Main trends of Company fleets in 2024

Electrification

The transition to electric vehicles is accelerating, driven by environmental concerns, government incentives and lower operating costs.

MG4 Nordic Edition
Image: NordiskBil

According to a recent study by Frost & Sullivan, EVs will account for 32% of global passenger car sales by 2025 (in Denmark we’re just ready), up from 4.9% in 2020. For company fleets, this means adopting new strategies for charging infrastructure, maintenance, resale value and driver training. Fleet managers will also have to consider the impact of EVs on their carbon footprint, tax benefits and corporate image.

Connectivity

The increasing integration of digital technologies in vehicles will enable new levels of connectivity, data collection and analysis. This will improve the efficiency, safety and productivity of company fleets, as well as enhance the user experience and satisfaction.

Connected vehicles will also enable new services and business models, such as car sharing, vehicle-to-grid (V2G) and vehicle-to-everything (V2X) communication. Fleet managers will have to leverage the potential of connectivity to optimize their fleet performance, reduce costs and increase customer loyalty.

Autonomy

The development of autonomous driving technologies will have a profound impact on the mobility sector, as it will transform the way people and goods are transported. Autonomous vehicles will offer significant benefits for company fleets, such as reducing accidents, fuel consumption and driver fatigue, as well as increasing productivity, flexibility and convenience.

However, there are also many challenges and uncertainties associated with AVs, such as legal liability, ethical dilemmas, cybersecurity and social acceptance. Fleet managers will have to monitor the progress of AVs and prepare for their gradual introduction in their fleet operations.

Sustainability

The growing awareness of the environmental and social impacts of mobility will push company fleets to adopt more sustainable practices and solutions. This will include not only switching to low-emission vehicles, but also implementing measures to reduce traffic congestion, optimize routes, promote alternative modes of transport and support local communities. Fleet managers will have to align their fleet policies with their corporate social responsibility (CSR) goals and communicate their achievements to their stakeholders.

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