WEX combines EV charging insights, payments, and reimbursement functionality to simplify the cost of charging an EV at home. WEX En Route is an EV public charging payment and reporting system.
Photo: WEX/Automotive Fleet
WEX has announced general availability of two new offerings for commercial fleet managers with electric vehicles:
- WEX EV At-Home, which automates reporting and reimbursement for any organization with EVs employees bring to their home to charge overnight
- WEX En Route, a payment system for public EV charging
“WEX services approximately 600,000 commercial fleets globally representing an estimated 19.3 million vehicles as of the fourth quarter of 2023, with each commercial fleet manager juggling a unique set of variables. We continue to innovate to add to the breadth and depth of WEX’s commercial EV and mixed fleet solutions, allowing us to meet each customer where they are on their EV and mixed fleet journey,” WEX CEO and Chair Melissa Smith said.
Providing EV Insights and Reimbursing EV Home Charging Costs
WEX EV At-Home is an EV solution that combines EV charging insights, payments, and reimbursement functionality to simplify the cost of charging an EV at home.
WEX EV At-Home issues a direct reimbursement to the employee via the business’ line of credit and a complementary employee-facing mobile app making it possible to issue payment in near real-time based on the true utility cost of the charge, while transmitting line item charging metrics to the business.
Drivers can fully charge their work vehicles overnight for use the next day with insights into charging behavior and other fleet management metrics provided to the fleet manager.
Storing Valuable EV Dat and Processing Public Charging Payments
WEX EV At-Home joins WEX’s other commercial fleet payments products in the U.S., including WEX En Route for public EV charging.
Through WEX’s DriverDash app and RFID card, WEX En Route leverages WEX’s proprietary closed loop payments network to increase the security of each transaction and to transmit charging behavior, driver identification information, and vehicle mileage to the fleet manager.
WEX’s DriverDash app and RFID are accepted across the U.S. at ChargePoint-branded EV chargers and at ChargePoint’s roaming partner brands: EVConnect, EVGo, and FLO, with additional accepting merchants expected in the coming months.
These advancements enable both small and large businesses to incorporate EVs into their commercial fleets alongside existing traditionally fueled vehicles, promoting solutions for mixed fleets.
“There are few EV solutions that simplify charging for commercial drivers and allow fleet managers access to line item charging detail, vehicle performance, and unified billing regardless of brand — and even fewer regardless of charging location,” WEX SVP and GM of EV and Mobility Jay Collins said. “That WEX’s EV solutions accomplish this — while also integrating with metrics from traditional fuel vehicles across a single credit line, invoice, and backend software portal — is illustrative of WEX’s leadership and technical expertise in the commercial mixed fleet space.”
