In Japan, power utility Chubu Electric Power Co., Inc. (Chubu Electric) and industry conglomerate Marubeni Corporation (Marubeni) have jointly announced the establishment of Fleet EV Initiative LCC (FEVI), a joint venture (JV) aiming to provide not only electric commercial vehicles but also all other related facilities and infrastructure, including charging stations and the power sources for charging stations with fleet owners.
According to a statement, Fleet EV Initiative LCC (FEVI) is being launched with growing international momentum for protecting the global environment and energy saving. Many industries have switched their focus to hybrid vehicles, electric vehicles (EV), fuel cell vehicles (FCV), and it seems to even be becoming a standard service in some industries.
However, there are still a number of challenges left to tackle, including finding reliable electric vehicles, building up the charging infrastructures, and optimizing charging operations. These issues are especially important for the owners of commercial vehicles.
Based in Nagoya City, Aichi Prefecture, Fleet EV Initiative LCC (FEVI) will employ its knowledge and experience in electric engineering, construction, installation, and maintenance, supported by Chubu Electric, and also leverage the advantages of EV charging infrastructure backed by Marubeni, to enable the provision of EV and EV infrastructure package solutions to commercial vehicle fleet owners.
Through its business activities, FEVI will contribute to the reduction of carbon dioxide (CO2) emissions, as well as the actualisation of a sustainable society, by utilising the renewable energy resources and energy storage functions of electric vehicles.