August 23, 2021 – Element Fleet Management Corp. (TSX: EFN) (“Element”), the largest pure-play automotive fleet manager in the world, today announced that it has joined the educational team at NIGP Forum Virtual being hosted August 23 – August 26, 2021 that will see over 1600 public procurement professionals convene online to strengthen connections, tap into best practices, and share new insights on how to accelerate goals. Avninder Buttar, Element’s Vice President of Strategy, and Austin Morton, Element’s Program Manager of EV and Sustainability, will host a panel discussion on the electrification of government fleets.
“Electrification presents government fleets with unique challenges both to vehicle selection and total cost of ownership analyses,” said Buttar. “Procurement officers and fleet managers are confronted with a new set of challenges including selecting the right EV charging equipment, optimizing charging strategies, coordinating with local utilities, changing driver behaviors and facility operations, and understanding funding availability for agencies to convert their fleets.”
In this panel discussion, Element will host industry experts who will share first-hand insights about the benefits of looking at EV transition projects holistically, and the resulting benefits of lower upfront project construction costs, ongoing operational cost reductions and a meaningful reduction in localized greenhouse gas emissions. Morton and Buttar will be joined by Diana Kotler, Executive Director, Anaheim Transportation Network, and David Lazerwitz, Senior Project Manager, EV Infrastructure Anser Advisory.
“At Element, we are committed to helping our clients navigate the complex changes that accompany the transition to EV. We bring deep EV and sustainability expertise through our dedicated team and strategic partnerships with EV leaders around the globe for infrastructure, charging solutions, and regulatory matters,” said Buttar. “We are looking forward to supporting NIGP and its membership of public procurement professionals meet their sustainability and EV goals.”
Panelists – learn more about the expert panelists and save the date for their talk August 26th at 12:30 pm ET.
Download Resources – download Element’s Environment, Social and Governance (ESG) report to learn more about the company’s leadership on Electric Vehicles and Sustainability. Understand the different charging solutions with a copy of our latest reference sheet - How to start planning for your fleet’s EV charging solutions.
About Element Fleet Management
Element Fleet Management (TSX: EFN) is the largest pure-play automotive fleet manager in the world, providing the full range of fleet services and solutions to a growing base of loyal, world-class clients – corporates, governments and not-for-profits – across North America, Australia and New Zealand. Element enjoys proven resilient cash flow, a significant proportion of which is returned to shareholders in the form of dividends and share buybacks; a scalable operating platform that magnifies revenue growth into earnings growth; and an evolving capital-lighter business model that enhances return on equity. Element’s services address every aspect of clients’ fleet requirements, from vehicle acquisition and maintenance to accident recovery and remarketing. Clients benefit from Element’s expertise as the largest fleet solutions provider in its markets, offering unmatched economies of scale and insight used to reduce fleet operating costs and improve productivity and performance.
Vice President, Communications
This press release includes forward-looking statements regarding Element and its business. Such statements are based on the current expectations and views of future events of Element’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements, including, among others, statements regarding Element’s improvements to run-rate profitability; enhancements to clients’ service experience and service levels; enhancement of financial performance; improvements to client retention trends; reduction of operating expenses; increases in efficiency; Element's dividend policy and the payment of future dividends; transformation of its core business; creation of value for all stakeholders; expectations regarding syndication; growth prospects and expected revenue growth; level of workforce engagement; improvements to magnitude and quality of earnings; executive hiring and retention; focus and discipline in investing; balance sheet management and plans to reduce leverage ratios; anticipated benefits of the balanced scorecard initiative; Element’s proposed share purchases, including the number of common shares to be repurchased, the timing thereof and TSX acceptance of the NCIB and any renewal thereof; and expectations regarding financial performance. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause Element's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Such risks and uncertainties include those regarding the ongoing COVID-19 pandemic, risks regarding the fleet management and finance industries, economic factors and many other factors beyond the control of Element. A discussion of the material risks and assumptions associated with this outlook can be found in Element's annual MD&A, and Annual Information Form for the year ended December 31, 2020, each of which has been filed on SEDAR and can be accessed at www.sedar.com. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Element undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.