| Vision: "The leader in vehicle electrification" |
Increased pressure and demand is being placed on utilities and corporations to lead by example and switch to cleaner vehicle alternatives. REV™ is responding with real-world electric vehicle technologies and has established key industry partnerships to make electric vehicles a reality now.
There is a “Perfect Storm” driving the adoption of Electric Vehicles (EV's). These factors include increasing fuel price volatility, a favorable regulatory environment, concerns about energy security and energy supply, technological improvements, and a growing public environmental conscience. The result is a growing acceptance and high demand for electric vehicles beginning with fleets. Why? Because fleets are traditionally early adopters of technology, and their holistic approach to procurement allows them to justify the economics as a realistic part of their fleet electrification strategy.
There are tens of millions of passenger fleet vehicles in operation in fleets throughout North America with over 10 years service life left in them. If automakers offered new OEM-built electric fleet vehicles to fleets today, they could only replace 2-5% of their aging fleet vehicles at a time, taking decades to transition to a zero emissions fleet.
In order to meet the intense carbon reduction needs of fleets and address the gas vehicle legacy, REV's Modular Drive System (MDS™) technology is the solution to serve a new automotive marketplace: The aftermarket of in-service fleet vehicles.
- There are 39 million passenger fleet vehicles in REV’s addressable market
- Fleet driving habits are predictable, consistent and within the range of a single charge
- Most fleets can recharge overnight at their fleet garage
- Fleets perform total lifecycle analyses on their vehicle assets and understand the true cost of ownership
- If every automotive manufacturer fulfills 100% of their promises to produce electric vehicles, it will only amount to a fraction of 1% of the vehicles sold that year and not one of those vehicles will be a light duty fleet truck.
REV’s MDS technology is designed to meet the highest automotive standards and has been developed using state of the art drive technology that provides 92% energy-to-wheel efficiency and is powered by advanced lithium ion batteries. By employing REV's MDS technology, municipalities and utilities can transform existing fleet vehicles to 100% electric; leading the green revolution by eliminating tailpipe emissions and addressing the gasoline-powered vehicle legacy.
By working with such early adopters, REV will further refine its drive systems in preparation for the dramatic growth and demand expected from governments and automakers as they turn their full attention to sustainable transportation.
