Transitioning commercial fleets to EVs and other alternative fuels remains one of the biggest challenges facing the transportation industry, as OEMs continue to push sustainability.
EV mandates were an issue during the 2024 presidential election, and the victory of Republican Donald Trump left questions about the future of EVs and mandates.
Still, expectations indicate the industry’s future remains with alternative fuels, Brian Holland, president and chief executive of Fleet Advantage, tells Equipment Finance News on this episode of “The Dig” podcast.
“Our discussions with all of the OEMs tell us that the market is still going in the same direction,” he says. “All the OEMs have made substantial investments in infrastructure and new technology, which they want to bring to market. That may change a bit with [the] new administration, but we expect that things will continue on their course.”
Fleet Advantage, for one, continues to work through the EV and alternative fuel transition with its fleet and leasing customers, Holland says.
“We’re continuing to advise our clients to take a practical and measured approach to the shift toward alternative fuel vehicles,” he says. “It’s really important to understand where these newer technologies fit within those organizations, but also to balance the EV adoption while recognizing the significant investment that’s going to be required.”
Tune in to the newest episode of “The Dig” to hear from Holland about the future of EV and alternative fuel finance, fleet management and opportunities in every market.
The third annual Equipment Finance Connect at the JW Marriott Nashville in Nashville, Tenn., on May 14-15, 2025, is the only event that brings together equipment dealers and lenders to share insights, attend discussions on crucial industry topics and network with peers. Learn more about the event and register here.
