Insights / The EV Fleet Metrics Matrix

The EV Fleet Metrics Matrix: A reporting framework for fleet managers

20th October 2021

The pandemic has accelerated the shift to digitisation, as it became critical to manage vehicles remotely through fleet management software.

The data available through this kind of software is abundant; with the potential to inform not just in the day to day running of a fleet, but also long-term performance reports on operating costs.

The increased emphasis on measurement and reporting is meant to help make more agile decisions. However, for the average commercial fleet with telematics, there’s a huge amount of data available.

How can fleet managers start unpacking this data to get actionable insights?

Implementing a bit of structure is a good starting point. Adopting a reporting framework can help bring a good understanding of the day-to-day minutiae of fleet optimisation, as well as the broader objectives which will inform stakeholders of whether your EV initiatives are making progress or moving in the right direction.

Objectives will differ from one organisation to another, but here’s a handy metrics matrix which fleet managers can use as a starting point for their reporting framework:

EV Fleet Matrix

The matrix is split into three main categories: data from fleet vehicles, charge points and energy consumption. Each of these categories should be monitored on a daily, monthly and quarterly basis.

  • Fleet vehicles: understanding if the vehicles are operational, identifying downtime, keeping an overview on the fleet’s running and maintenance costs. It’s also important to understand if your drivers are adhering to the driving behaviours required by an efficient EV fleet.
  • Charge points: usage, availability and costs are key areas to monitor. Fleet managers should use this data to manage the use of charge points among their fleet drivers, as well as optimising charge times.
  • Energy management: last but not least, energy is what keeps your EV fleet running. Fleet managers must be able to quickly review the consumption per vehicle, as well as site-wide reporting in order to forecast and plan for any contingencies. Keeping an overview of costs and comparing the savings to ICE is a good way to provide more context to stakeholders.

This framework is designed to create a dynamic, live reporting system. If harnessed correctly, your data can be transported into actionable insights for you, your drivers and your stakeholders.

At Drax, we're experts in fleet electrification, and energy. So, whether you’re just beginning to think about fleet electrification, or you’re already introducing electric vehicles into your mobility mix, our free online webinar series the Drax EV Fleet Academy will give you the market leading information you need to supercharge your journey.

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