Fleet management: Emerging technologies are changing the game

WEX recently attended the NAFA Fleet Management Association 2024 Institute & Expo (I&E), an exciting event bringing together leaders and professionals in fleet and mobility management. This event serves to celebrate industry innovation and collaboration, and showcases a commitment to driving change and supporting fleet professionals with cutting-edge solutions.

Libby Bittman, EV & Mobility Business Development Director at WEX, led a panel discussion titled “The Future of Fleet: Navigating Emerging Technologies.” 

A distinguished panel of experts dove into exciting topics such as autonomous vehicles, Internet of Things (IoT) and telematics, electric vehicles (EVs), high-speed 5G connectivity, and cybersecurity, offering invaluable insights into the next wave of mobility solutions that are reshaping fleet management.

Let’s explore technology impacting the industry today and how WEX can support your fleet.

Reimagining fleet operations with the latest fleet management solutions

In today’s industries, keeping up with emerging trends and technologies is crucial for success. As industries embrace new innovations such as autonomous vehicles, fleet managers are taking the chance to transform their operations, aiming for greater efficiency and safety.

Internet of Things (IoT) and telematics

The integration of Internet of Things (IoT) and telematics is a game-changer for fleet management. Through these technologies, fleet managers gain greater visibility and control over their operations, using real-time monitoring and advanced analytics to optimize fleet performance. This era of transformation empowers decision-makers with practical insights, helping them make informed choices to streamline operations, cut costs, and boost productivity.

5G high-speed connection

The rise of 5G technology is further driving this change, bringing faster connectivity and data exchange. With lightning-fast speeds and minimal delays, 5G is speeding up communication and navigation within fleet operations. This high-speed connection enables fast communication between vehicles, infrastructure, and central command centers, improving situational awareness and enabling quick, data-driven decision-making.

Cybersecurity

However, along with these exciting advancements come new challenges, especially in cybersecurity. As fleets become more interconnected and reliant on digital systems, they become more vulnerable to cyber threats. Fleet managers should stay vigilant and take proactive steps to protect their smart fleets from potential cyberattacks. This involves staying updated on the latest cybersecurity technologies and best practices, implementing strong security measures, and fostering a culture of cyber resilience within their organizations.

Ultimately, success lies in embracing innovation while managing associated risks. By keeping up with emerging technologies, leveraging data-driven insights, and prioritizing cybersecurity, fleet managers can navigate the complexities of new-age solutions and unlock new opportunities for growth and advancement.

WEX is here to support your EV and mixed-energy fleet transition

As the world moves from internal combustion engines (ICE) to a mix of ICE vehicles and EVs, WEX is building innovative solutions to keep your business moving.

With a focus on sustainability and efficiency, WEX is revolutionizing the way fleets operate by offering comprehensive solutions tailored to your business needs. 

EV Fleet Converter

When transitioning to a fully electric vehicle fleet or a combination of EVs and traditional vehicles, you can utilize tools like the EV Fleet Converter to simplify the process. This interactive tool assists in creating an optimal transition plan by helping you assess the feasibility, costs, and benefits of converting some or all of your fleet to EVs. By entering information about your vehicles, you can receive estimates on cost savings, emissions reductions, potential incentives, and charger requirements for powering your fleet. 

EV Fleet Converter provides a comprehensive overview of available EV models and chargers, empowering fleet operators to make informed decisions. This tool is accessible to all WEX customers through WEXOnline at no cost and without additional obligations.

WEX EV En Route

With WEX EV En Route, you can use your WEX fleet card account to start charging across the U.S. at a quickly expanding network of public charging stations. Use either a WEX-issued physical radio frequency identification (RFID) card or the DriverDash app for secure transactions. With WEX EV En Route, you use your existing WEX fleet credit line and receive one integrated invoice and set of reports for all your charging and fueling transactions. 

WEX EV At Home

WEX recently announced the general availability of WEX EV At-Home in the United States. This innovative, cutting-edge solution automates reporting and reimbursement for any organization with EVs that employees bring to their personal residence to charge overnight — the most cost-effective way to charge. 

WEX stands at the forefront of emerging fleet management technologies, offering comprehensive solutions to navigate the complexities of fleet management with ease. From advanced fleet management solutions to fleet cards that meet your business needs, WEX has you covered. 

We invite fleet professionals to join us on this exciting journey towards a smarter, more efficient future of fleet management. Together, let’s embrace the opportunities presented by emerging technologies and chart a course toward success.

To learn more about EV solutions and mixed fleets, visit:

• EV opportunities for fleet managers
• How to best incorporate EVs into your fleet
• EVs and AI

To learn more about WEX, a dynamic and nimble global organization, please visit our About WEX page.

To learn more about WEX’s EV offerings visit our EV page.

All fleet cards are not the same, and different types of fuel cards suit the needs of different kinds and sizes of businesses. View WEX’s fleet card comparison chart to see which fleet fuel card is right for you.

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