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Teletrac Navman Report Finds Over Half (63%) of Fleets Cite Customer Demand as Influential in Their Energy Transition

1. 63% of fleets consider customer demand vital for energy transition. 2. 58% prioritize brand reputation and sustainability for energy decisions. 3. 84% of fleets focus on operational improvements, not new vehicle investments. 4. 61% of fleets using multiple energy types indicates market shifts. 5. 48% expect to transition half their fleets to sustainable options in two years.

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Why Bullish?

A strong emphasis on sustainability aligns with Vontier's multi-energy technology focus, boosting growth prospects.

How important is it?

The article highlights critical market trends and demand shifts that Vontier can leverage for growth.

Why Long Term?

The trend towards sustainable fleets suggests ongoing demand in the coming years, aligning with Vontier's strategic direction.

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NORTHBROOK, Ill.--(BUSINESS WIRE)--Teletrac Navman, a leading connected mobility platform and Vontier company, has today launched its Mobilizing the Future of Fleets Report: 2025 Energy Edition, which found 63% of fleets are reporting customer demand as influential in their decision to switch to alternative energies, and the speed at which they do it. This is supported by over half (58%) of the businesses surveyed citing their own brand reputation and sustainability goals as the leading drivers in their energy transition, showing “Net Zero fluency” is far more weighted towards customer perception and demand than it is a compliance priority, with only 29% suggesting regulatory pressure and government mandates was guiding their decision making. “Fleets are focusing on their own net-zero goals as a part of their corporate reputation and long-term commercial strategies, rather than just seeing it as a compliance checkbox,” said Alain Samaha, CEO of Teletrac Navman. “Customers recognise the importance of sustainable operations, and according to our research, are making active decisions around the businesses they support based on their sustainability credentials.” As fuel continues to be a critical and volatile cost center, fleets are favoring getting the most out of their current set-up, with 84% focusing on operational improvements rather than considering new vehicle investments. Regular vehicle maintenance (49%), optimizing vehicle utilization (36%), and investing in driver training (28%) are some of the key areas of investment cited by fleet businesses globally to ensure better handling of their existing vehicles on the road. Conversely, a significant 61% of fleets are indeed making Capex investments by upgrading to more fuel-efficient vehicles (48%) or switching to those using alternative fuels (31%), indicating an important focus on the type of vehicle being utilized and a longer-term approach being considered by businesses when reviewing and planning for their carbon reporting and impacts. The report also uncovered that the larger the fleet (by number of vehicles), the more advanced these businesses were in their transition – 62% of fleets with 50 or more vehicles indicated that they were already tackling their sustainability performance, with an active strategy to continue improving. Yet, respondents were split on their approach – 46% indicated that they complete vehicle suitability assessments with the help of external consultancy (8%), while 42% preferred an end-of-life replacement approach. Thirty per cent of fleets had also completed a Total Cost of Ownership (TCO) analysis, “which is a crucial step to avoid costly mistakes in expenditure and vehicle choice further down the line,” added Samaha. With the shift to mixed-energy fleets continuing, 61% of operators indicated that they used more than one energy type, with 32% using three or more energy sources; PHEV (39%), BEV (37%) and natural gas (23%) were the most widely adopted alternative energy sources. Furthermore, 8% of fleets had already transitioned at least half of their fleets and 48% expected to reach the same milestone within the next two years, increasing to 85% of fleets in the next five years. “The push for fleet sustainability is at a pivotal moment. There is no single viewpoint on the best path forward and while concerns persist, many operators see decarbonization as a strategic advantage,” continued Samaha. “The pace and feasibility of adoption remain points of debate, however, access to accurate data and actionable insights will be critical factors in making informed decisions that align with both business needs and sustainability goals.” To view the full report, click here. NOTES TO EDITOR Survey results consisted of 536 respondents gathered in November 2024 from Australia, New Zealand, Mexico, the United Kingdom and the United States. About Teletrac Navman Teletrac Navman’s goal is to empower the industries that transform and sustain our futures with simple and intelligent solutions that enhance the efficiency, safety, and sustainability of their operation. As a connected mobility platform for industries that manage vehicle and equipment assets, Teletrac Navman simplifies the complex so that its customers can transform the way they work through cloud-based solutions that leverage AI to unlock the power of operational insight. Teletrac Navman manages more than 700,000 vehicles and assets around the world. The company operates globally, with offices worldwide and headquarters in Northbrook IL. For more information visit www.teletracnavman.com. Teletrac Navman is a Vontier company. About Vontier Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company’s website www.vontier.com.

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