In this episode of "Smarter Payments by Corpay," Tom Rowlands, Managing Director of Global EV Solutions at Corpay, tells host Brennan Robison, Director of Corporate Communications at Corpay, the current state and future of electric vehicle (EV) adoption. Rowlands notes that while EV growth continues, it has slowed compared to previous years and forecasts. He attributes this to several factors, including the saturation of early EV adopters and the challenges of making EVs affordable and accessible to the broader market. Government policies, both push (mandates) and pull (incentives), play a critical role in driving adoption, though recent shifts, like the UK's delay in phasing out combustion vehicles, may have contributed to the slowdown. Rowlands also highlights Corpay's innovations in EV charging and payment solutions, particularly for fleet operators, emphasizing the importance of simplifying the EV experience to encourage wider adoption.
