How to maximise the residual value of an electric fleet

The British Vehicle Rental & Leasing Association (BVRLA) invited Alex Johns, Altelium’s sales development manager, to present to its Residual Value and Remarketing (RVR) forum this month.

Over a hundred fleet managers attended the forum where Alex explained the importance of gathering data about their EVs and understanding battery chemistry.

There is a huge variation in how batteries should be charged and used according to their chemistry and quality, to maximise health and longevity. Obviously, a vehicle with a healthy battery has significantly higher value than one which is near the end of its life.

Knowledge of how to maintain battery health is therefore of crucial importance to fleet managers.

Alex was one of the first people in the UK to operate a fleet of electric vehicles, managing the Tesla fleet at Gatwick airport. Combined with his knowledge from Altelium where real life battery data is enhanced with AI and triangulated against laboratory battery twin testing, Alex is able to offer valuable advice on how to maximise the residual value of a fleet of electric vehicles.

As he explained, having an insured battery warranty which complements the original manufacturer’s warranty can  have a huge impact on the resale value of a vehicle, and is at the heart of Altelium’s service to the industry.