WEX, the global commerce platform, recently introduced WEX EV Depot, a new feature that enables secure charging at private chargers when using the WEX Fleet Card.

The newest addition to WEX’s comprehensive charging platform, including the existing public charging ‘En Route’ and ‘At-Home’ solutions, makes it one of the first fleet management businesses in North America to offer electric vehicle (EV) charging payments across depot, public, and at-home charging locations. 

“As fleet managers shift from internal combustion engines to EVs, they face the challenge of consolidating data across different types of chargers and fueling stations for operational efficiency,” said Carlos Carriedo, chief operating officer of Americas Payments & Mobility at WEX.

“With WEX EV Depot, we are helping customers navigate the complexity of infrastructure rollout and giving them tools to operate efficiently at scale with a 360-degree solution,” Carriedo said.

The shift to mixed-energy fleets across the industry is underway. A recent Frost & Sullivan report, commissioned by WEX, showed that 80% of mixed-energy fleet operators surveyed intend for at least 25% of their fleets to be comprised of EVs by 2030.

According to WEX, fleets will need a streamlined payment approach for internal combustion engine vehicles (ICE) and EV vehicles, which makes WEX’s card offerings ideal for organizations seeking a unified charging and payment solution for mixed-energy fleets.

Benefits of the WEX EV Depot

For Fleet Operators:

• WEX EV Depot is included in an integrated reporting system that allows fleets to manage all EV charges from any charging source or fuel transactions on a WEX fleet credit line.

• Fewer cards are needed, simplifying onboarding and ongoing operations.

• The platform will include the WEX EV Depot Mapping tool, which allows fleets to direct EV drivers to their preferred depot or private charging locations, regardless of whether chargers are connected to the internet.

• Helps reduce downtime by scheduling charging overnight.

For Drivers:

• A WEX-issued RFID tag ensures frictionless and secure EV charging payments at private chargers and the WEX public network comprising nearly 150,000 charging stations. 

• WEX DriverDash, WEX’s mobile payment app, allows for touch-free in-app charger activation for cross-vendor public and private chargers, providing a fast, secure smartphone payment option.

• The number of cards needed to access chargers is significantly reduced.

“WEX EV Depot provides a wealth of benefits to our EV and mixed-fleet customers with comprehensive payment integration, the EV Depot Mapping tool, and robust data security,” Carreido added. “It offers a simple way to enhance operational and financial efficiency and accelerate lower-emissions goals.”

WEX EV Depot is available to WEX En Route customers for an additional subscription fee. WEX EV Depot works seamlessly with insights from Sawatch Labs, a WEX Company, to help fleets determine where to deploy depot charging based on real operational data and maximize ROI once the infrastructure is in place.