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Fleet FAQ? Fuel Management

January 16, 2018

Q. What’s the future of fuel cards with the rise of alternative fuels?

A. Today’s fleets are considering all types of fuels — and robust reporting on these transactions is a must. The network of alternative fuel locations— from electric charging stations to CNG -- is doubling each year, so your fuel card choice should ensure you can make strategic decisions about your fleet’s make-up — and be able to fuel next-generation vehicles.

There are around 2 million electric vehicles worldwide now. In 2016, the industry saw the highest number of new sold EVs: 600,000 or 700,000. So, it’s growing, but today’s 2 million vehicles is only 2% of the entire vehicle population.

With the growth of EV, it will be important that fuel cards are accepted at charging stations. A lot of work is being done with the charging stations using mobile and RFID technologies, because a lot of the home charging points don’t have card readers on them. So EV purchases may have to be captured using your mobile device.

Expert Bio

Answered by : Bernie Kanavagh from WEX

Senior Vice President and General Manager

A 27-year fleet professional, Bernie Kavanagh currently serves as Senior Vice President and General Manager of Large Fleet at WEX Inc. He joined the company in 1996 and his career has been a steady progression of increased sales and marketing responsibility. Kavanagh serves on industry related boards and is a frequent speaker at payment industry conferences focusing on fuel trends and technology in the payment space. He earned a bachelor’s degree from the College of New Jersey and is an active member of NAFA, AFLA, NCSFA and AALA. Prior to joining WEX, Kavanagh held a number of roles with Enterprise Rent-A-Car and Enterprise Fleet Management.

A 27-year fleet professional, Bernie Kavanagh currently serves as Senior Vice President and General Manager of Large Fleet at WEX Inc. He joined the company in 1996 and his career has been a steady progression of increased sales and marketing responsibility. Kavanagh serves on industry related boards and is a frequent speaker at payment industry conferences focusing on fuel trends and technology in the payment space. He earned a bachelor’s degree from the College of New Jersey and is an active member of NAFA, AFLA, NCSFA and AALA. Prior to joining WEX, Kavanagh held a number of roles with Enterprise Rent-A-Car and Enterprise Fleet Management.

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Fleet FAQ? Fuel Management, Questions?

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Q. What is a fuel card? How does it work?

A. Fuel cards were designed to make it easier for businesses to pay when they fuel their vehicles. As fuel cards became more sophisticated, they also began offering businesses discounts and rebates plus the ability to track and analyze fuel purchases, creating the ability to control costs, making it easier to track expenses and enhance the bottom line without carrying cash or relying on inaccurate manual data entry.

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