Toronto, February 24, 2022 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX: EFN) (“Element”), the world’s largest pure car fleet manager, today announced the launch of Arc by Element. An end-to-end electric vehicle (EV) fleet product designed to help clients navigate and simplify the complex transition from internal combustion engine (ICE) vehicles to EVs.
As a trusted leader in global fleet management, Element is in a position to help clients evaluate and adopt this new technology to drive sustainability, strategic and economic goals.
“The prerequisites for large-scale EV adoption by commercial vehicle fleets are imminent. Increasingly targeted, Jay Forbes, President and CEO of Element, said: “ArcbyElement is designed and does so to simplify client migration through fleet electrification. This reduces the risk of progress in ESG principles and key elements of business strategy. “
Arc by Element adds a new EV solution to Element’s existing market-leading fleet management services.
- End-to-end EV fleet management: Element’s full-service ICE fleet offering has been extended to support the unique needs of EVs. From pre-planning, acquisition and financing to ongoing maintenance, power, accident management and end-of-life remarketing.
- EV fleet migration strategy, planning, and implementation: Arc by Element provides comprehensive support designed to give clients complete confidence in every aspect of EV fleet deployment. Element works with the client to do the following:
- Design and support data-driven EV pilot programs and build a roadmap for a fully EV deployment that is tightly integrated with your organization’s ESG mandate.
- Maximize public and private incentives to reduce costs and
- Connect your clients to Element’s extensive network of EV professional providers.
- Plan EV infrastructure and charging solutions across mixed charging scenarios (home, public, depot / workplace).
- Supports driver refunds for home charging,
- Work with the fleet on driver training, change management, and stakeholder involvement.
Element has built an outstanding partnership with EV providers and built an integrated ecosystem to help deliver industry-leading EV services. Notable ecosystem collaborators that enable a seamless EV charging experience for Element clients include Qmerit, ChargePoint and WEX, and EnelX.
For more information on Element’s new electrification solutions and services, please visit https://www.elementfleet.com/arc.
What the client is saying
Ashley Horvat, vice president of eMobility North America in Schneider, said: Electrical. “By adopting electric vehicles for our sales and service teams, we can maintain our commitment to our customers while advancing our sustainability goals.”
About element fleet management
Element Fleet Management (TSX: EFN) is the world’s largest pure automotive fleet manager, providing all types of fleet services and solutions to an ever-growing and loyal world-class client, including businesses, governments and nonprofits. increase. Profit – North America, Australia, New Zealand as a whole. Element enjoys proven and resilient cash flow, a significant proportion of which is returned to shareholders in the form of dividends and share buybacks. A scalable operating platform that expands revenue growth to profit growth. An evolving capital weight reduction business model that raises return on equity. Element’s services and solutions address all aspects of client fleet requirements, from vehicle acquisition, maintenance, accidents, remarketing to EV integration to managing the complexity of fleet electrification in stages. Clients leverage Element’s expertise as the largest fleet solution provider on the market to provide unmatched economies and insights used to reduce fleet operating costs and improve productivity and performance. To do. For more information, please visit www.elementfleet.com.
Description of future prospects
This press release contains forward-looking statements about the element and its business. Such statements are based on Element’s management’s current expectations and views on future events. In some cases, forward-looking statements are “may,” “do,” “expect,” “plan,” “expect,” “intend,” “potential,” and “estimate.” Do, “believe,” or deny these terms, or other similar expressions intended to identify statements about future prospects. Element’s EV strategy and features. Global EV adoption rate; Enhanced service experience and service level for clients. Improved financial performance; improved client retention trends. Reduction of operating expenses. Increased efficiency; Element’s dividend policy and future dividend payments. Creating value for all stakeholders. Expectations for syndication; growth prospects and expected revenue growth. Level of workforce involvement; improving the scale and quality of revenue. Recruiting and retaining executives. Focus and discipline in investment. Balance sheet management and leverage ratio reduction plans. The expected benefits of the Balanced Scorecard initiative. Stock purchase proposed by Element. This includes the number of common shares to be repurchased, their timing, NCIB TSX approval, and their renewals. And expectations regarding financial performance. Forward-looking statements are not guaranteed. Forward-looking statements and information are, by their nature, based on assumptions, known and unknown risks, uncertainties, and the actual results, performance or outcomes of the Element, or industry outcomes. , Or outcomes expressed or implied by statements or information about such future prospects. Therefore, readers should not place excessive reliance on forward-looking statements or information. Such risks and uncertainties include risks associated with an ongoing COVID-19 pandemic, risks associated with fleet management and the financial industry, economic factors, and many other factors beyond Element’s control. A discussion of significant risks and assumptions related to this outlook can be found in Element’s annual MD & A and in the annual information form for the year ended December 31, 2020. Each of these has been submitted to SEDAR and can be accessed at the following URL: www.sedar.com.. Unless required by applicable securities law, forward-looking statements are only stated as of the date they were created and is Element a result of new information, future events? Regardless, we undertake no obligation to publicly update or revise any forward-looking statement. Or is it not?
CBJ News Maker
Element Fleet Management is now offering full client-leading services through Fleet Electrification. CanadianBusinessJournal
Source link Element Fleet Management is now offering full client-leading services through Fleet Electrification. CanadianBusinessJournal