Molly Ayala
As the largest pizza company in the world, Domino's Pizza Inc. has been working towards building an all-electric pizza delivery fleet. The company has partnered with Enterprise Fleet Management to take care of the purchasing, maintenance, and other logistics of their electric vehicles. As of June 2023, Domino's announced that they would have more than 1,100 custom-branded 2023 Chevy Bolt electric vehicles on the road by the end of the year, making them the largest electric pizza delivery fleet in the country.
| Characteristics | Values |
|---|---|
| Number of electric vehicles | More than 1,100 |
| Make and model | 2023 Chevy Bolt |
| Number of stores | More than 20,000 |
| Number of countries | Over 90 |
| Global retail sales in 2022 | $17.5 billion |
| US retail sales in 2022 | $8.7 billion |
| International sales in 2022 | $8.8 billion |
| Global retail sales in Q1 2023 | $4.1 billion |
| US retail sales in Q1 2023 | $2 billion |
| International sales in Q1 2023 | $2.1 billion |
| Percentage of global retail sales in 2022 from digital channels | 2/3 |
| Number of EVs planned by the end of 2023 | 800 |
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What You'll Learn
Advantages of electric vehicles for Domino's
As of 2023, Domino's Pizza Inc. (NYSE: DPZ) is the largest pizza company in the world, with over 20,000 stores in more than 90 markets. The company has recently expanded its fleet of electric vehicles (EVs), with more than 1,100 custom-branded 2023 Chevy Bolt electric vehicles joining its delivery fleet by the end of the year. This expansion brings several advantages to the company, including:
Ample Battery Life
Domino's EVs have ample battery life, allowing for days of deliveries without needing to recharge. This ensures that the vehicles can keep up with the high demand for pizza deliveries and reduces the downtime associated with recharging, resulting in increased efficiency and productivity for the company.
Zero Tailpipe Emissions
The use of electric vehicles helps Domino's achieve zero tailpipe emissions, contributing to improved air quality and a reduced carbon footprint. This aligns with the company's commitment to environmental sustainability and social responsibility, enhancing its brand image and attracting environmentally conscious customers.
Advanced Safety Features
Domino's EVs are equipped with advanced safety features, enhancing the overall safety of their delivery operations. These features can include collision avoidance systems, lane departure warning systems, and improved lighting, reducing the risk of accidents and ensuring the well-being of both drivers and pedestrians.
Lower Maintenance Costs
Electric vehicles generally have lower average maintenance costs compared to non-electric vehicles. This is because EVs have fewer moving parts, simpler drivetrains, and reduced wear and tear on brakes due to regenerative braking. Lower maintenance costs can result in significant financial savings for Domino's, which can be reinvested in other areas of the business.
Access to a Wider Pool of Drivers
By providing company-owned electric vehicles, Domino's opens up job opportunities to a wider pool of delivery drivers who may not have their own vehicles. This can help attract and retain talented drivers, ensuring a reliable and efficient delivery service.
Overall, the adoption of electric vehicles by Domino's demonstrates its commitment to innovation, sustainability, and operational efficiency. These advantages contribute to a more resilient and competitive business, positioning Domino's for continued success in the pizza delivery market.
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The Chevy Bolt model
The Chevy Bolt EV also offers other benefits to Domino's, such as advanced safety features and lower average maintenance costs compared to non-electric vehicles. Additionally, the affordable price of the Chevy Bolt EV, with the 2023 model starting at $26,595, makes it a cost-effective option for the company. The compact design of the Chevy Bolt also makes it a suitable choice for Domino's delivery fleet.
Domino's has partnered with Enterprise Fleet Management to handle the purchasing, maintenance, and other logistics associated with the Chevy Bolt EVs. The company has also launched interactive maps on its website, allowing customers to see the locations of Domino's Chevy Bolt EVs and how many are currently in each state. This initiative has helped Domino's attract new employees, as it opens up job opportunities for those who may not have their own vehicles.
As of November 2022, Domino's announced its plan to have 800 Chevy Bolt EVs on the road by the end of 2023. The company has successfully achieved this goal, with more than 800 custom-branded Chevy Bolt EVs already in use at select franchise and corporate stores across the United States. Domino's continues to expand its electric delivery fleet, with more than 1,100 Chevy Bolt EVs expected to be in operation by the end of the year. This expansion solidifies Domino's claim as the owner of the largest electric pizza delivery fleet in the country.
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The largest electric pizza delivery fleet
As the largest pizza company in the world, Domino's Pizza Inc. (NYSE: DPZ) has claimed to have the largest electric pizza delivery fleet. The company is transitioning to electric vehicles (EVs) to leverage the benefits of ample battery life, zero tailpipe emissions, advanced safety features, and lower average maintenance costs.
In November 2022, Domino's announced its plan to have 800 EVs on the road by the end of 2023. By June 2023, the company had already achieved this goal, with over 800 Domino's Bolts in operation. The company further expanded its EV fleet, aiming to have more than 1,100 Chevy Bolt electric vehicles by the end of the year. This expansion was driven by the enthusiasm and demand from Domino's stores and franchisees, who ordered over 300 additional cars.
The shift to electric vehicles has brought several advantages to Domino's. Firstly, EVs offer ample battery life, enabling the potential for days of deliveries without the need for frequent recharging. Secondly, they eliminate tailpipe emissions, contributing to a more sustainable and environmentally friendly delivery option. Thirdly, electric vehicles are equipped with advanced safety features, enhancing the security of both the drivers and the deliveries. Finally, EVs provide lower average maintenance costs compared to non-electric vehicles, resulting in cost savings for the company.
Domino's has partnered with Enterprise Fleet Management to handle the logistics of their EV fleet, including vehicle acquisition, financing, and maintenance. This partnership ensures that Domino's can focus on its core business while still reaping the benefits of a modern, electric delivery fleet. The company has also expressed that an electric fleet helps attract a broader pool of job candidates for delivery drivers, as they may not need to own a vehicle themselves. With over 20,000 stores in more than 90 markets and global retail sales of over $17.5 billion in 2022, Domino's continues to lead the way in adopting innovative and sustainable delivery solutions.
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Environmental benefits of electric vehicles
As of 2022, Domino's had ordered 89 electric vehicles for its delivery fleet in the US, with plans to expand this number. This move towards electric vehicles (EVs) is a positive step for the company and the environment, and here are some of the key benefits of this transition:
Electric vehicles produce zero tailpipe emissions, which means a significant reduction in air pollutants. Domino's delivery vehicles are often operating in urban areas, where air quality is a critical issue. By removing harmful emissions like nitrogen oxides (NOx), particulate matter, and volatile organic compounds (VOCs), EVs help reduce smog, improve public health, and lower the environmental impact of deliveries. This is especially beneficial for vulnerable groups, such as children and the elderly, who are more susceptible to respiratory issues caused by poor air quality.
In addition to improving local air quality, EVs also contribute to mitigating climate change. The transportation sector is a major contributor to greenhouse gas emissions, which drive global warming and climate change. By switching to EVs, Domino's is reducing its carbon footprint and helping to combat this global issue. EVs produce far fewer carbon emissions over their lifetime, even when considering the emissions from electricity generation used to charge the vehicles. This is especially true as the electricity grid continues to get cleaner with the expansion of renewable energy sources.
EVs also offer a more efficient and cost-effective mode of transportation. Electric motors are more efficient than traditional combustion engines, as they can convert over 80% of the energy stored in the battery to power the wheels, compared to less than 40% energy efficiency for traditional engines. This higher efficiency means reduced energy consumption and, therefore, a lower environmental impact. Additionally, the reduced need for regular engine maintenance and the lower cost of charging compared to refueling can lead to cost savings for both the company and consumers.
Furthermore, the adoption of EVs can help drive innovation and create new economic opportunities. The transition to EVs requires the development of new technologies, from more efficient batteries to improved charging infrastructure. This can spur innovation, create new jobs, and stimulate economic growth. It also encourages the development of more sustainable practices throughout the supply chain, from raw material sourcing to manufacturing and recycling.
In conclusion, Domino's adoption of electric vehicles offers a range of environmental benefits, from improving local air quality to mitigating climate change. This move towards a more sustainable delivery model is a positive step, and it is encouraging to see companies embracing these technologies. As EV technology continues to advance and become more accessible, we can expect to see even greater benefits for the environment and society as a whole.
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Hiring drivers without their own vehicles
Domino's Pizza Inc. is the largest pizza company in the world, with a significant business in both delivery and carryout pizza. The company has over 20,000 stores in 90 markets and generated global retail sales of over $17.5 billion in 2022. Domino's has been working on expanding its fleet of electric vehicles (EVs) for pizza delivery. As of June 2023, the company has announced that it will have more than 1,100 Chevy Bolt electric vehicles for pizza deliveries by the end of the year. This is an increase from their initial plan of 800 EVs, which they achieved ahead of schedule.
The adoption of electric vehicles provides several advantages for Domino's. Firstly, EVs offer ample battery life, enabling days of deliveries without the need for frequent recharging. Secondly, they produce zero tailpipe emissions, contributing to a more sustainable and environmentally friendly delivery option. Thirdly, electric vehicles are generally safer and have lower average maintenance costs compared to non-electric vehicles. Lastly, and particularly relevant to hiring drivers, EVs open up a new pool of job candidates who may not have their own vehicles. This strategy can help Domino's attract and hire delivery drivers without their own cars.
By partnering with Enterprise Fleet Management, Domino's benefits from hands-on account management, vehicle acquisition, financing, telematics solutions, and maintenance for their electric fleet. This partnership simplifies the logistics of managing a large EV fleet. Additionally, the Chevy Bolt was chosen as the EV model due to its affordability and compact design, making it suitable for pizza deliveries.
With the growing demand for electric vehicles, Domino's franchisees have ordered an additional 300-plus cars to be on the road by the end of 2023. This expansion reflects the enthusiasm and interest in EVs among Domino's stores and franchisees. The company's commitment to innovation and sustainability is evident, and it is likely that their EV fleet will continue to grow in the future.
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Frequently asked questions
Domino's has more than 1,100 electric vehicles.
In November 2022, Domino's announced that they would have 800 electric vehicles on the road by the end of 2023.
Domino's uses the Chevy Bolt, one of the most affordable electric cars on the market.
Electric vehicles provide several advantages for Domino's, including ample battery life, zero tailpipe emissions, advanced safety features, and lower average maintenance costs than non-electric vehicles.
