WEX (WEX) announced a nationwide partnership with EV charger installation provider Qmerit to streamline the installation of EV chargers at the homes of commercial fleet drivers. Under the partnership, Qmerit will provide end-to-end home EV charging installation and integration services drawing on its national network of more than 23,000 electricians who are licensed, insured, and trained on EV charging equipment. Qmerit installations comply with permitting and inspections consistent with the company’s safety and quality standards. This partnership announcement comes on the heels of a Florida-based construction company, Dallas 1, estimating cost savings of approximately over 60% per vehicle for fuel and maintenance costs as the result of EV charging at their drivers’ homes, relative to a typical annual fuel and maintenance spend.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WEX:
- Wex participates in a conference call with William Blair
- Wex and Holman expand partnership across U.S. and Canada, no terms
- Wex downgraded to Peer Perform from Outperform at Wolfe Research
- Wex price target lowered to $170 from $211 at Morgan Stanley
- Wex price target lowered to $207 from $220 at Barclays