Merchants Fleet-managed electric vehicles traveled more than 290 million miles in 2025 as commercial fleets continued deploying EVs despite a changing regulatory and incentive environment, according to their 2025 Impact Report.

This resulted in more than 117.5 million kilograms of avoided tailpipe CO2 emissions, according to Merchants.

Despite diminished federal support for electrification with the passing of the Big Beautiful Bill, demand for sustainability-related fleet strategies persists.

ESG-related questions appeared in 58% of the RFPs the company received during 2025.

The report highlights a transition in the electrification space.

Rather than treating electrification as a one-size-fits-all process, several client deployments demonstrate how fleets are using vehicle analysis, charging planning, incentives, and total cost of ownership calculations to determine where EVs fit their operations.

From Strategy to Practice

One of the report's largest examples involves a technology company working toward net-zero carbon emissions across its global operations by 2040. The company’s fleet is now 62% electric and managed by Merchants.

They also manage dozens of FleetShare stations, where vehicles are maintained and prepared for renters. Approximately 40% of those locations have charging infrastructure for the electric delivery vans, with additional charging locations expected.

Other fleets are starting at a smaller scale.

A residential-services provider worked with Merchants to introduce EVs into two business units while developing depot-charging capabilities.

Merchants evaluated available EVs based on vehicle specifications, upfit requirements, and cost while also assessing home and depot charging.

The resulting project put 18 EVs into operation and secured $380,000 in incentives, which covered 80% of the project's charging costs.

$3.5M in Annual Fleet Savings

A dental-supply company provides another example of the potential financial implications of fleet electrification.

This client had established a goal of reducing fleet fuel consumption and CO2 emissions by 40% by 2030.

Merchants analyzed the fleet, identified vehicles that were candidates for EV replacement, and developed an electrification roadmap designed around both environmental and cost objectives.

The program resulted in a 935,000-gallon reduction in fuel consumption and $3.5 million in annual fleet operating-cost savings.

For a national vegetation-management company, however, the process began with a pilot.

Merchants provided information about EV availability and infrastructure, mapped charging locations and equipment options, performed total cost of ownership modeling, and developed an adoption plan. The fleet subsequently launched a 40-vehicle EV pilot.

These examples point toward an increasingly application-specific approach to electrification in which vehicle duty cycles, charging access, upfit requirements, available incentives, and TCO determine which fleet vehicles make suitable EV candidates.

Charging Moves Deeper into Fleet Operations

Charging infrastructure is also becoming a larger component of fleet management.

Merchants' ClearCharge program supports workplace and depot charging, employee home charging, and mobile or temporary charging applications.

ClearCharge Home is for fleets with take-home vehicles. The program coordinates charger compatibility and residential installation while collecting electricity-use data that fleet managers can use to reimburse employees for business charging.

ClearCharge Work combines infrastructure planning and deployment with Merchants' charging partners for workplace and depot operations.

Broader EV services include EV feasibility studies, infrastructure planning and project management, grant and incentive assistance, and EV and charging total cost of ownership analysis.

Fleet Electrification Continues to Evolve

Merchants' report arrives as fleet operators face a different EV market than they did only a few years ago.

Government incentives that helped improve EV acquisition economics have been reduced, while the direction of federal charging programs has faced uncertainty.

At the same time, fleets now have access to a wider selection of electric vehicles and a growing body of operational data from early deployments.

The result could be a shift away from broad electrification commitments toward more targeted deployments in applications where EVs can demonstrate an operational and financial case.

Fleets are still deploying EVs, but vehicle selection, charging infrastructure, incentives, and total cost of ownership are becoming increasingly important factors in determining where electrification makes sense.