EV Fleet Management Is Booming: A $32 Billion Market by 2030

New research shows that electric fleet software and telematics are becoming essential as commercial fleets scale up fast

Delray Beach, FL, USA – January 21, 2026 – Electric vehicles are no longer limited to personal cars and pilot programs. They are quickly becoming a serious priority for businesses running delivery vans, service vehicles, municipal fleets, and logistics trucks. A new report from MarketsandMarkets suggests that the Electric Vehicle (EV) Fleet Management Market is set for major growth over the next few years, driven by the global push for cleaner transport and the rising need for smarter fleet operations.

According to MarketsandMarkets, the EV fleet management market is estimated at USD 9.10 billion in 2025 and is expected to reach USD 32.25 billion by 2030. That represents a strong compound annual growth rate (CAGR) of 22.7% between 2025 and 2030, showing how fast companies are investing in the software and systems needed to manage electric fleets efficiently.

 Why EV fleet management is growing so fast

Electric vehicles come with new operational challenges compared to fuel-based vehicles. Fleet managers need real-time visibility into battery health, charge levels, driving range, and charging schedules. As a result, software platforms that can track performance, optimize routes, and reduce downtime are becoming essential.

The report notes that stricter emission rules worldwide are pushing fleet operators to adopt cleaner vehicles. At the same time, organizations are under pressure to cut operating costs, and EVs can help reduce fuel spending and lower maintenance needs over time. This combination of cost savings and sustainability goals is making electrification more attractive for both commercial and public fleets.

Telematics is making electric fleets easier to manage

A major reason adoption is accelerating is the rise of advanced telematics. Today’s fleet tools can monitor EV batteries in real time and provide energy analytics that help managers plan routes and avoid unnecessary delays. These platforms also support better vehicle utilization, improving how efficiently companies use each vehicle in the fleet.

The smarter the data, the easier it becomes to make decisions. Fleet managers can schedule vehicles based on charging availability, improve trip planning, and reduce the fear of vehicles running out of power during operations.

Software solutions are expected to dominate the market

MarketsandMarkets predicts that the solutions segment will hold the largest market share during the forecast period. This is mainly because fleet operators are relying on specialized software to manage electric vehicles and related infrastructure.

Unlike traditional fleet tracking, EV fleet platforms need to focus on battery readiness and charging efficiency. Operators want tools that can monitor the state of charge, track battery performance, and ensure vehicles stay available for daily tasks. These systems also reduce “range anxiety” for businesses, helping them operate more confidently with electric fleets.

Operations management is another area growing in importance. As EV fleets expand, companies need accurate route planning based on charging points and smart scheduling to avoid high electricity tariffs. Together, these capabilities help fleets stay reliable and cost-efficient even as they scale.

Commercial vehicles are leading the adoption.

The report also highlights that the commercial vehicles segment is expected to grow the fastest. This includes light commercial vans as well as medium and heavy-duty trucks. Logistics and delivery companies are rapidly moving toward electrification to cut emissions and meet sustainability goals.

The demand is rising, especially in last-mile delivery, where electric vans are ideal for frequent stops and short urban routes. Growing e-commerce activity is adding even more pressure on delivery networks, and many companies are adopting EVs to operate smoothly in low-emission zones.

However, these commercial operations need strong fleet platforms to manage complex daily routes, high vehicle usage, and charging coordination. As EV deliveries become more common, fleet management systems will play a major role in keeping operations running without disruption.

Big opportunities in charging management and service models

One of the biggest growth opportunities in the EV fleet management ecosystem is integrating charging infrastructure management into fleet platforms. Businesses are looking for unified systems that handle both vehicle operations and charging stations in one place. This makes day-to-day planning easier and gives fleet managers better control over energy use.

The report also points to the rise of service-based models such as Battery as a Service. These options can reduce the upfront cost of electrification and help fleets adopt EVs without heavy investment at the start. Providers that offer technology along with advisory services, implementation support, and ongoing monitoring may gain a strong advantage as the market expands.

The US market is scaling beyond early pilots.

In the United States, the EV fleet shift is moving past small trials and heading toward early large-scale deployment. MarketsandMarkets notes growing adoption across delivery, municipal, utility, and service fleets. This momentum is supported by incentives and corporate sustainability efforts, while charging costs are improving through programs that reduce the initial expense of vehicles and infrastructure.

As EV use increases, fleet operators are looking for platforms that track the total cost of ownership and support incentive qualification. Energy cost control is also becoming a priority, which makes features like load balancing and demand management increasingly important.

Many US operators are expected to run mixed fleets for the near future, using both EVs and fuel vehicles. This trend is creating demand for fleet platforms that can manage both power types in one system without increasing complexity. Businesses want reliable route planning, maintenance tracking, and consistent performance monitoring across the entire fleet.

Major players in the EV fleet management space

The report lists several key companies active in the electric vehicle fleet management market. These include Geotab, Samsara, Verizon Connect, Webfleet, Mix Telematics, Teletrac Navman, Powerfleet, Zonar Systems, ChargePoint, Virta, Driivz, Siemens, ABB, Shell, and LocoNav.

As commercial electrification accelerates worldwide, EV fleet management is becoming one of the most important building blocks for transportation’s future. For fleet operators, the message is clear: electric vehicles may be the new engines of mobility, but software will be the control room that keeps them moving.

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