OTP Bank builds cost-efficient EV strategy with Volteum

OTP Bank is taking significant steps toward its Net Zero 2050 goal, with fleet electrification playing a key role in its sustainability strategy. With almost 1000 vehicles in its Hungarian headquarters alone, the transition to electric mobility requires careful planning - from selecting the right vehicles to optimizing charging infrastructure and ensuring operational efficiency.

To navigate this transformation effectively, OTP Bank partnered with Volteum to implement a data-driven approach for a seamless and strategic shift to electric vehicles.

Building a smart and efficient EV transition strategy

A successful transition to electric vehicles requires more than just replacing traditional cars with EVs. OTP Bank needed a clear strategy to ensure the right vehicles were assigned to the right teams, charging infrastructure was planned efficiently, and financial decisions were well-supported. With a diverse fleet serving multiple departments - from corporate managers to employees traveling between branches - OTP Bank wanted a data-driven approach to make informed choices. By using precise insights, the bank aimed to align its electrification efforts with operational needs, cost efficiency, and long-term sustainability goals.

A data-driven approach to fleet electrification

To support OTP Bank’s transition to electric vehicles, Volteum provided a tailored, data-driven solution through the Electric Fleet Planner. This software helps companies analyze their fleet operations, identify the best EV alternatives, and plan charging infrastructure efficiently. By using real-world data and advanced modeling, OTP could make informed decisions to ensure an efficient and cost-effective shift to EVs:

• Smart fleet planning with real usage data Using OTP’s telematics (GPS) data, the Electric Fleet Planner analyzed vehicle usage patterns to determine which electric models best suited each department’s needs. This ensured that all employees - from corporate managers to operational staff - received vehicles that fit their daily routes and driving habits.

• Charging infrastructure strategy With OTP’s diverse locations - including some leased sites with limited installation flexibility - and varying grid capacities, planning an efficient charging network was essential. The Planner assessed site-specific constraints and travel patterns to recommend the optimal number and placement of chargers, helping OTP Bank avoid unnecessary costs while ensuring reliable access to charging.

• Transparent cost and emission insights The software provides a comprehensive vehicle database, allowing OTP Bank to compare electric models based on total cost of ownership (TCO), monthly operational expenses, and estimated CO₂ savings. With its country-specific pricing data and forecasting algorithms, the Planner ensures that OTP Bank had the most up-to-date and reliable information for a well-informed transition.

"Transitioning a fleet of this size to electric vehicles is a complex challenge, and Volteum's data-driven approach made the process significantly smoother. Their solution helped us understand our real usage patterns and make informed decisions that support both operational efficiency and sustainability."

Zoltán Csorna, Head of Fleet at OTP Bank

With these solutions in place, OTP Bank is now actively advancing its electrification strategy, optimizing vehicle selection while minimizing disruptions. The Electric Fleet Planner allows the company to refine its approach over time, ensuring long-term cost efficiency and sustainability. As OTP Bank looks ahead, it plans to extend its EV transition beyond its Hungarian headquarters, integrating electrification strategies across its subsidiaries to further reduce emissions and enhance operational efficiency.

Driving the future of green mobility

OTP Bank’s strategic approach to fleet electrification demonstrates how large organizations can integrate sustainability into their operations without compromising efficiency. By adopting a data-driven decision-making process, the bank ensures that its transition to electric vehicles is both cost-effective and well-structured.

"We’re proud to support OTP in taking bold, strategic steps toward fleet electrification. Collaborating with such a forward-thinking team has shown how data and innovation can turn sustainability goals into real, measurable actions."

Zsófia Tóth, CEO of Volteum

With Volteum’s expertise and Electric Fleet Planner supporting its journey, OTP Bank is not only reducing emissions but also empowering employees with the best EV options for their needs. We are proud to be part of OTP’s electrification efforts and to help them take confident steps toward a more sustainable future. At Volteum, we believe that smart, data-driven decisions are key to making fleet electrification seamless, and we are committed to supporting companies every step of the way.