SEATTLE, March 5, 2026 /3BL/ – KeyBank has officially broken ground on a new full‑service branch in Black Diamond, Washington. Located at 32500 Main Street, the state‑of‑the‑art branch will serve residents of Black Diamond and neighboring communities. The branch is scheduled to open this fall.

“KeyBank is excited about the opportunity this new branch provides for us to become an integral part of the Black Diamond community,” said Brian Marlow, KeyBank’s Washington State Market President. “This investment reflects our continued commitment to the region. We look forward to building and deepening financial relationships with our neighbors, clients, and community partners as we grow together.”

In addition to comprehensive banking services, this new state-of-the-art branch offers full-service banking capabilities including touch screen monitors to enhance client experience. This branch features a modern floor plan, drive-up teller line, ATM and free parking. Long-time banker Anna Ripich is serving as branch manager at the new location.

“KeyBank’s new Black Diamond branch is uniquely designed to provide a more personal and consultative banking experience, giving clients improved access to our full suite of products and services,” said Ripich. “Our team is excited to welcome clients to this new space and support them on their financial journey.”

In addition to serving individuals and families, the new branch will support local businesses seeking to start, expand, or invest within the growing Black Diamond area, while also offering comprehensive wealth planning resources to help them build long‑term financial stability.

ABOUT KEYBANK
KeyCorp’s roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $184 billion at December 31, 2025. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. CFMA #260223-4119728

SEATTLE, March 5, 2026 /3BL/ – KeyBank has officially broken ground on a new full‑service branch in Black Diamond, Washington. Located at 32500 Main Street, the state‑of‑the‑art branch will serve residents of Black Diamond and neighboring communities. The branch is scheduled to open this fall.

“KeyBank is excited about the opportunity this new branch provides for us to become an integral part of the Black Diamond community,” said Brian Marlow, KeyBank’s Washington State Market President. “This investment reflects our continued commitment to the region. We look forward to building and deepening financial relationships with our neighbors, clients, and community partners as we grow together.”

In addition to comprehensive banking services, this new state-of-the-art branch offers full-service banking capabilities including touch screen monitors to enhance client experience. This branch features a modern floor plan, drive-up teller line, ATM and free parking. Long-time banker Anna Ripich is serving as branch manager at the new location.

“KeyBank’s new Black Diamond branch is uniquely designed to provide a more personal and consultative banking experience, giving clients improved access to our full suite of products and services,” said Ripich. “Our team is excited to welcome clients to this new space and support them on their financial journey.”

In addition to serving individuals and families, the new branch will support local businesses seeking to start, expand, or invest within the growing Black Diamond area, while also offering comprehensive wealth planning resources to help them build long‑term financial stability.

ABOUT KEYBANK
KeyCorp’s roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $184 billion at December 31, 2025. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. CFMA #260223-4119728

SEATTLE, March 5, 2026 /3BL/ – KeyBank has officially broken ground on a new full‑service branch in Black Diamond, Washington. Located at 32500 Main Street, the state‑of‑the‑art branch will serve residents of Black Diamond and neighboring communities. The branch is scheduled to open this fall.

“KeyBank is excited about the opportunity this new branch provides for us to become an integral part of the Black Diamond community,” said Brian Marlow, KeyBank’s Washington State Market President. “This investment reflects our continued commitment to the region. We look forward to building and deepening financial relationships with our neighbors, clients, and community partners as we grow together.”

In addition to comprehensive banking services, this new state-of-the-art branch offers full-service banking capabilities including touch screen monitors to enhance client experience. This branch features a modern floor plan, drive-up teller line, ATM and free parking. Long-time banker Anna Ripich is serving as branch manager at the new location.

“KeyBank’s new Black Diamond branch is uniquely designed to provide a more personal and consultative banking experience, giving clients improved access to our full suite of products and services,” said Ripich. “Our team is excited to welcome clients to this new space and support them on their financial journey.”

In addition to serving individuals and families, the new branch will support local businesses seeking to start, expand, or invest within the growing Black Diamond area, while also offering comprehensive wealth planning resources to help them build long‑term financial stability.

ABOUT KEYBANK
KeyCorp’s roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $184 billion at December 31, 2025. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC. CFMA #260223-4119728

NEW HAVEN, Conn., March 5, 2026 /PRNewswire/ — The National Diaper Bank Network (NDBN) is partnering with Depend®, a Kimberly-Clark brand, to distribute 2.1 million pair of absorbent underwear to basic needs banks around the country in recognition of NDBN’s 15th anniversary year in 2026.

The donated products will be shipped via 15 tractor-trailer trucks to 15 NDBN-member basic needs banks serving communities in 11 U.S. states.

“Bladder leaks affect 100 million women & men in the U.S., and many people struggle to afford the supplies they need,” said Joanne Samuel Goldblum, CEO and founder of the National Diaper Bank Network. “More and more, we are seeing people turning to basic needs banks for help. This generous donation from Depend will help improve lives of individuals and families in communities across the country.”

Founded in 2011 with support from Huggies®, NDBN has grown into a network of more than 300 basic needs banks throughout the U.S. Many NDBN members distribute baby diapers, and/or period products as well as bladder protection supplies.

About National Diaper Bank Network
The National Diaper Bank Network (NDBN) leads a nationwide movement dedicated to strengthening the social fabric that unites communities by ensuring individuals, children, and families have the basic material necessities they require to thrive and reach their full potential. Launched in 2011 with the support of founding sponsor Huggies®, NDBN creates awareness, advances public policy, leads original research, and builds community to end diaper insecurity and period product insecurity in the U.S. Its active membership includes more than 300 basic needs banks serving local communities throughout the U.S. More information on NDBN is available at nationaldiaperbanknetwork.org, and on Instagram (@DiaperNetwork), X (@DiaperNetwork), Facebook (facebook.com/NationalDiaperBankNetwork), and Bluesky (@diapernetwork.bsky.social).

About Kimberly-Clark
Kimberly-Clark and its trusted brands are an indispensable part of life for people in more than 175 countries and territories. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, Goodnites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. Our company’s purpose is to deliver Better Care for a Better World. We are committed to using sustainable practices designed to support a healthy planet, build strong communities, and enable our business to thrive for decades to come. To keep up with the latest news and learn more about the company’s more than 150-year history of innovation, visit the Kimberly-Clark website.

Contact:
National Diaper Bank Network
Troy Moore
410053@email4pr.com
203.295.7987

Cision View original content:https://www.prnewswire.com/news-releases/depend-donates-2-1-million-absorbent-underwear-to-mark-national-diaper-bank-networks-15th-anniversary-302704879.html

SOURCE National Diaper Bank Network

  • Three recent studies showcase how our CVS Specialty care models are uniquely positioned to meet patients’ needs.
  • Patients in a CVS Specialty pharmacist-managed program showed significantly higher medication adherence rates.
  • We’re meeting patients with rare diseases where they are —including in rural and underserved populations.
  • Patient-reported data helps us understand teduglutide therapy’s impact on lifestyle.

Originally published on CVS Health

Tommy Jensen has pulmonary arterial hypertension (PAH), a progressive condition that requires strict medication adherence — missing even a few doses can quickly lead to serious deterioration in heart and lung function. PAH therapy can be complex and sometimes cumbersome, so understanding and consistently following the medication treatment plan is essential.

Tommy says support from his dedicated CVS Specialty CareTeam is important to his treatment journey. Regular check-ins with his CVS Specialty PAH nurse and 24/7 access to pharmacists specially trained in his condition and therapy is reassuring and supports his ability to stay on track with his medication.

“CVS is really good about being available,” he says.

Tommy’s experience reflects the kind of personalized care CVS Specialty delivers regularly for patients with rare and complex conditions.

All CVS Specialty patients have access to dedicated, highly-trained CareTeams and therapy-specific support models. In addition, more than 500,000 specialty patients are supported by 35+ Centers of Excellence for rare and ultra-rare conditions.

Three recent studies showcase how our CVS Specialty care models are uniquely positioned to meet patients’ needs.

We’re improving medication adherence

A recent study examined adherence among patients using inhaled Tyvaso (treprostinil) and found that those enrolled in CVS Specialty’s pharmacist-managed PAH program had 11.5% higher adherence rates. The proportion of days covered (PDC) was 87% vs. 78% in the control group.

The data underscores how CVS Specialty’s comprehensive, high-touch, pharmacist-led model helps patients stay on therapy longer and more consistently. Through regular medication therapy assessments and personalized support, patients are better equipped to manage their condition and avoid complications.

We deliver equitable access

Evidence from our Rare Disease Program study shows that CVS Specialty reaches patients where they are, including those in rural, diverse and underserved communities.

Of more than 7,600 CVS Specialty patients in the program, 44% lived in rural communities and 16% were from the most socially vulnerable populations, highlighting the reach and access our model offers, even in the face of the geographic and social barriers that often complicate rare disease care.

Notably, patients in the program were also deeply engaged, with nearly half completing five or more assessments and remaining enrolled for over 200 days.

“The research reflects our commitment to meeting patients where they are,” says Ashley Czonstkowsky, Vice President of Coram & CVS Specialty Therapy Operations. “It’s worth pointing out that our reach matters not only to patients, but also to payors, providers, manufacturers, and advocacy groups who rely on scalable, equitable solutions to improve care delivery.”

Data and analytics illustrate impact on quality of life

Coram CVS Specialty Infusion Services conducted a retrospective three-year quality assurance review analyzing 2,500+ dietitian-led patient interviews, giving us valuable insight on how therapy can impact a patient’s quality of life.

The patients in this study have short bowel syndrome and were taking the drug teduglutide, to reduce or eliminate their dependence on nutritional and hydration therapies — which can be both costly and confining for patients.

“While teduglutide’s clinical impact is well-documented, it doesn’t tell the whole story,” says Sarah Carter, one of the CVS Specialty registered dietitians who led the review. “Patient-reported experiences — such as feeling stronger, gaining weight or being able to travel — can reveal how the therapy affects daily life, independence and emotional well-being. It can demonstrate the broader value of these therapies.”

Most patients reported a response to therapy within the first two months, an insight especially valuable for CareTeams to set expectations, monitor progress and support patients through the early stages of treatment.

By leveraging platforms like Coram’s electronic medical records systems, our teams can track patient progress, dentify trends and personalize support. This capability allows us to better understand patient needs and deliver care that goes far beyond the prescription.

In advance of International Women’s Day this weekend, we spotlight Nicole Zukowski, Chief Supply Chain Officer at family-owned Bacardi. Nicole is responsible for leading the teams who craft the Bacardi portfolio of brands, ensuring their consistent exceptional quality and taste, while managing a high-performing logistics network and customer service. She also proudly leads the company’s efforts to protect People & Planet through its Good Spirited Corporate Sustainability program.

In this Q&A, Nicole shares her perspective on women in leadership, the lessons she’s learned throughout her career and the legacy she wants to leave behind as she nurtures the next generation of talent.  

Nicole Zukowski with the Global Supply Chain Leadership Team at Bacardi

Leadership positions in Supply Chain and Manufacturing are typically male dominated. As a woman setting out on your career, what drew you to the industry? 

My grandfather, father and father-in-law all worked in manufacturing, so I guess you could say it was meant to be. I loved Physics at high school and had a fantastic teacher who suggested I pursue engineering – the rest is history! I didn’t ever see being a woman as a barrier. In fact I liked the challenge of showing that I could do it too. 

What were your ambitions when you decided to follow in family footsteps?

I have so many memories of my dad telling stories at the dinner table about less than desirable working conditions and aggressive leadership styles, so I’ve always been passionate about creating work environments that people feel proud to be part of – where safety and wellbeing are the number one priority. If people are telling positive stories from their day at work around the dinner table, I’ve done my job well.   

As a mom of two young women, what advice do you give them about pursuing their passion in their future careers? 

A mantra I live by is “if you want, you can do it” and this is what I’m always telling them. I truly believe that if you put the work in, you can achieve anything you want. As a working mom, I didn’t want to miss out on my daughters’ important moments, but I’ve made it work with discipline and effort. It’s true for career progression too – put the work in, and you’ll get where you want to go.

What do you see as your role in creating opportunities for the next generation of women in leadership at Bacardi? 

For me it’s all about creating equal opportunities for the development of those around me. I’m proud to work for a company that was named in the Forbes’ list of World’s Top Companies for Women; where 45% of our top management and executive roles are held by women; and to have a Supply Chain leadership team which is more than half female. I believe that by providing the right capability training, leading by example and nurturing talent, everyone has the chance to succeed.

Any words of advice that have stuck with you throughout your career?

“Grow where you’re planted”, meaning you can make an impact wherever you happen to be in an organization. I’ve often seen people looking so far ahead or around them to where they want to go next, that they lose focus on where they are now and how they can make an immediate impact. It’s something we do really well at Bacardi – everyone is given autonomy to act like entrepreneurs, to influence and to own, rather than waiting for others to ask – and it never goes unnoticed by leadership. 

When you look back at your early career, what’s one belief you held about leadership that you’ve completely changed your mind about?

Probably that leaders have all the answers, that they don’t need to hear from their teams and aren’t interested in listening to feedback. Today I understand this couldn’t be further from the truth. As a leader, I think the key to success is building a team around you that you trust and rely on to be true to themselves, and to hold nothing back. Often the meetings I value most are the ones where I’m challenged or where I learn something new from others. 

How has being a woman shaped your leadership style? 

I haven’t had many female leaders throughout my career, but I was lucky to have several brilliant male bosses who were fantastic mentors and champions for me. That said, I remember realizing early on that as a woman, I had a very different leadership style to my male leaders, and I openly had that conversation with one of my bosses. I said, “hold me accountable and coach me, but let me do it my way.” Copying their leadership style didn’t work for me, I wanted to be authentic, and it paid off. 

You could be called a trailblazer in a male-dominated industry. Is that something you aspired to?

Absolutely and in fact I’ve often been the first woman to take on a role throughout my career. Along the way I saw lots of women self-selecting not to do certain roles because of a pre-conception they couldn’t do it, or because they couldn’t tick every point on the job description. This has always made me even hungrier to be visible as a woman succeeding in the industry, becoming that example, not only for other women, but for men, and importantly, for my daughters too.

To learn more about how Bacardi invests in people and its communities as part of its Good Spirited Corporate Sustainability program, visit https://www.bacardilimited.com/cs/people/.

QTS reaffirms its commitments to strengthen local prosperity and deliver America’s digital infrastructure responsibly

ASHBURN, Va., March 5, 2026 /PRNewswire/ — QTS Data Centers (“QTS”) is announcing its Commitment to Communities, reaffirming a long-established focus on putting communities first. QTS is committed to the places it calls home – and to strengthening local economies, advancing sustainability, protecting residents’ energy rates, and responsibly delivering the infrastructure that enables modern digital life.

For more than 20 years, QTS has set a standard with its core values – building the right way, serving communities and making a meaningful difference. QTS holds itself to the highest standards for being a valued partner to communities:

  • We pay for the energy costs of our data centers so they do not increase local utility bills.
  • We build data centers that consume no water.
  • We create good jobs in communities in which we operate.
  • We support local community projects that matter to you.
  • We lead with openness and transparency.

Tag Greason and David Robey, Co-CEOs of QTS said: “As an industry leader, our focus is and always has been building lasting partnerships in the communities where we live and work. We commit to taking the time to understand local priorities and invest in ways that create long-term economic opportunities. Our Commitment to Communities captures this promise.”

QTS Community Commitments

We pay for the energy costs of our data centers so they do not increase local utility bills.
QTS funds 100% of our data centers’ energy needs, so that costs related to our projects are not pushed onto ratepayers. We partner with utilities to help build out American infrastructure without raising power costs for the community, and we ensure supportive grid planning and sufficient power capacity. We prioritize carbon-free, renewable energy through long-term utility partnerships. We and Blackstone plan to build more power generation capacity than QTS data centers use.

We build data centers that consume no water.
As industry leaders in water preservation, we are proud to save billions of gallons of water annually. We build data centers that use our closed-loop system, so they do not consume water for cooling. We are committed to continual improvement of sustainability through research and innovation.

We create good jobs in communities in which we operate.
QTS data centers generate significant local value through an expansive ecosystem of jobs, including employees of QTS and its tenants, as well as local construction workers, contractors and suppliers. QTS will create 40,000 high-paying jobs in the U.S. this year, with $150,000 average annual pay. We prioritize hiring veterans and people from the community, and local community businesses are meaningfully supported by our presence.

We support local community projects that matter to you.
Data centers are long-term developments that help communities invest in growth, enrich neighborhoods and improve lives over many years. QTS data centers generate tax revenues and help fund local programs. We support community priorities with resources for new parks, hospitals, schools, roads and first responders.

We lead with openness and transparency.
We build facilities that communities across our country can rely on for decades. In the places we call home, we seek to engage, listen and collaborate with local leaders and community stakeholders to ensure our developments bring long-term benefits to communities. We hold town halls and maintain open and consistent dialogue with the community.

As demand for digital infrastructure grows, QTS remains focused on being a good neighbor and building lasting partnerships in every community we serve. To learn more about our long-standing pledge to the communities we call home, visit qtsdatacenters.com/commitments.

About QTS Data Centers
QTS is a global data center leader with unrivaled access to scalable infrastructure across North America and Europe. Powered by People and Driven by Purpose, QTS provides state-of-the-art data center solutions, robust connectivity and premium customer service to leading hyperscale technology companies, enterprises and government entities. QTS is a Blackstone portfolio company. 

Let’s connect: qtsdatacenters.com | 877.QTS.DATA

Media Contacts: 
QTS Data Centers, media@qtsdatacenters.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/qts-is-committed-to-putting-communities-first-while-advancing-the-digital-future-302704846.html

SOURCE QTS

  • Opex benefits are emerging, but TCO is still held back by early–stage ecosystem constraints
  • Upfront cost gaps, residual value doubts and policy and grid inconsistencies are slowing BEV investment
  • Scaling will depend on coordinated action across the ecosystem to remove these barriers

LONDON, March 5, 2026 /PRNewswire/ — Corporate fleet electrification represents a significant economic and climate opportunity for Europe, according to the EY–Eurelectric report Fleet Forward: powering the transition to electric mobility.

The report finds that transitioning Europe’s corporate fleets could unlock up to €246 billion in cumulative operating cost savings by 2030. It also estimates that full fleet electrification could reduce up to one billion tonnes of CO₂ emissions by 2030.

Operating expenditure advantages are already visible across key fleet segments. The report shows that electric cars and light commercial vehicles can deliver meaningful per-kilometer operating cost savings compared with internal combustion engine equivalents, particularly where depot or home charging dominates. Electric trucks can also achieve lower operating costs on defined routes where charging strategy and CO₂-based tolling frameworks align.

However, the report makes it clear that operating cost advantages alone will not drive scale. Total cost of ownership remains influenced by higher upfront vehicle prices, residual value uncertainty, uneven incentive structures and delays in grid connection and charging deployment.

Constantin M. Gall, EY Global Aerospace, Defense & Mobility Leader, says:

“The report shows that fleet electrification is already delivering operating–cost advantages in many fleet segments; however, total cost of ownership is still burdened by several structural constraints given the nascency of this new ecosystem and the ongoing change process. Upfront cost disadvantages, residual–value risk, fragmented policy frameworks, and grid bottlenecks are slowing investment decisions into BEVs. The ability to address these barriers will determine how quickly fleet electrification can scale.”

According to the report, coordinated action is required across the ecosystem. Fleet operators must align vehicles with real duty cycles and maximize depot-based smart charging, which the report identifies as a key lever to reduce energy costs and improve operating margins. OEMs must narrow upfront price gaps, improve battery transparency and strengthen residual value confidence through buyback programs and standardized data. Policymakers must provide stable, multi-year fiscal and regulatory certainty. Grid operators and energy providers must accelerate connection timelines and invest in anticipatory capacity to support electrified depots and charging corridors. Financiers and leasing providers must scale bundled and risk-sharing models that reduce balance sheet exposure.

Kristian Ruby, Secretary General of Eurelectric, says:

“In the EU, 6 out of 10 new vehicles are sold to fleet owners, so the potential to save money and emissions is enormous. A well-designed fleet initiative can boost demand for BEVs to the benefit of European Industry and energy independence.”

The report highlights that progress is real and the economic case is strengthening, but unlocking the full value of fleet electrification depends on practical coordination across industry, energy and policy actors.

Read the full EY–Eurelectric report here.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fleet-electrification-could-unlock-nearly-a-quartertrillion-dollars-in-operatingcost-savings-but-only-if-structural-barriers-are-tackled-jointly-across-the-ecosystem-eyeurelectric-report-302705252.html

SOURCE EY

  • Opex benefits are emerging, but TCO is still held back by early–stage ecosystem constraints
  • Upfront cost gaps, residual value doubts and policy and grid inconsistencies are slowing BEV investment
  • Scaling will depend on coordinated action across the ecosystem to remove these barriers

LONDON, March 5, 2026 /PRNewswire/ — Corporate fleet electrification represents a significant economic and climate opportunity for Europe, according to the EY–Eurelectric report Fleet Forward: powering the transition to electric mobility.

The report finds that transitioning Europe’s corporate fleets could unlock up to €246 billion in cumulative operating cost savings by 2030. It also estimates that full fleet electrification could reduce up to one billion tonnes of CO₂ emissions by 2030.

Operating expenditure advantages are already visible across key fleet segments. The report shows that electric cars and light commercial vehicles can deliver meaningful per-kilometer operating cost savings compared with internal combustion engine equivalents, particularly where depot or home charging dominates. Electric trucks can also achieve lower operating costs on defined routes where charging strategy and CO₂-based tolling frameworks align.

However, the report makes it clear that operating cost advantages alone will not drive scale. Total cost of ownership remains influenced by higher upfront vehicle prices, residual value uncertainty, uneven incentive structures and delays in grid connection and charging deployment.

Constantin M. Gall, EY Global Aerospace, Defense & Mobility Leader, says:

“The report shows that fleet electrification is already delivering operating–cost advantages in many fleet segments; however, total cost of ownership is still burdened by several structural constraints given the nascency of this new ecosystem and the ongoing change process. Upfront cost disadvantages, residual–value risk, fragmented policy frameworks, and grid bottlenecks are slowing investment decisions into BEVs. The ability to address these barriers will determine how quickly fleet electrification can scale.”

According to the report, coordinated action is required across the ecosystem. Fleet operators must align vehicles with real duty cycles and maximize depot-based smart charging, which the report identifies as a key lever to reduce energy costs and improve operating margins. OEMs must narrow upfront price gaps, improve battery transparency and strengthen residual value confidence through buyback programs and standardized data. Policymakers must provide stable, multi-year fiscal and regulatory certainty. Grid operators and energy providers must accelerate connection timelines and invest in anticipatory capacity to support electrified depots and charging corridors. Financiers and leasing providers must scale bundled and risk-sharing models that reduce balance sheet exposure.

Kristian Ruby, Secretary General of Eurelectric, says:

“In the EU, 6 out of 10 new vehicles are sold to fleet owners, so the potential to save money and emissions is enormous. A well-designed fleet initiative can boost demand for BEVs to the benefit of European Industry and energy independence.”

The report highlights that progress is real and the economic case is strengthening, but unlocking the full value of fleet electrification depends on practical coordination across industry, energy and policy actors.

Read the full EY–Eurelectric report here.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fleet-electrification-could-unlock-nearly-a-quartertrillion-dollars-in-operatingcost-savings-but-only-if-structural-barriers-are-tackled-jointly-across-the-ecosystem-eyeurelectric-report-302705252.html

SOURCE EY

  • Opex benefits are emerging, but TCO is still held back by early–stage ecosystem constraints
  • Upfront cost gaps, residual value doubts and policy and grid inconsistencies are slowing BEV investment
  • Scaling will depend on coordinated action across the ecosystem to remove these barriers

LONDON, March 5, 2026 /PRNewswire/ — Corporate fleet electrification represents a significant economic and climate opportunity for Europe, according to the EY–Eurelectric report Fleet Forward: powering the transition to electric mobility.

The report finds that transitioning Europe’s corporate fleets could unlock up to €246 billion in cumulative operating cost savings by 2030. It also estimates that full fleet electrification could reduce up to one billion tonnes of CO₂ emissions by 2030.

Operating expenditure advantages are already visible across key fleet segments. The report shows that electric cars and light commercial vehicles can deliver meaningful per-kilometer operating cost savings compared with internal combustion engine equivalents, particularly where depot or home charging dominates. Electric trucks can also achieve lower operating costs on defined routes where charging strategy and CO₂-based tolling frameworks align.

However, the report makes it clear that operating cost advantages alone will not drive scale. Total cost of ownership remains influenced by higher upfront vehicle prices, residual value uncertainty, uneven incentive structures and delays in grid connection and charging deployment.

Constantin M. Gall, EY Global Aerospace, Defense & Mobility Leader, says:

“The report shows that fleet electrification is already delivering operating–cost advantages in many fleet segments; however, total cost of ownership is still burdened by several structural constraints given the nascency of this new ecosystem and the ongoing change process. Upfront cost disadvantages, residual–value risk, fragmented policy frameworks, and grid bottlenecks are slowing investment decisions into BEVs. The ability to address these barriers will determine how quickly fleet electrification can scale.”

According to the report, coordinated action is required across the ecosystem. Fleet operators must align vehicles with real duty cycles and maximize depot-based smart charging, which the report identifies as a key lever to reduce energy costs and improve operating margins. OEMs must narrow upfront price gaps, improve battery transparency and strengthen residual value confidence through buyback programs and standardized data. Policymakers must provide stable, multi-year fiscal and regulatory certainty. Grid operators and energy providers must accelerate connection timelines and invest in anticipatory capacity to support electrified depots and charging corridors. Financiers and leasing providers must scale bundled and risk-sharing models that reduce balance sheet exposure.

Kristian Ruby, Secretary General of Eurelectric, says:

“In the EU, 6 out of 10 new vehicles are sold to fleet owners, so the potential to save money and emissions is enormous. A well-designed fleet initiative can boost demand for BEVs to the benefit of European Industry and energy independence.”

The report highlights that progress is real and the economic case is strengthening, but unlocking the full value of fleet electrification depends on practical coordination across industry, energy and policy actors.

Read the full EY–Eurelectric report here.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fleet-electrification-could-unlock-nearly-a-quartertrillion-dollars-in-operatingcost-savings-but-only-if-structural-barriers-are-tackled-jointly-across-the-ecosystem-eyeurelectric-report-302705252.html

SOURCE EY

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