Choosing electric vehicles for your fleet – worth the investment?
A recent study by the FTA, which represents the logistics industry, has found that the majority of van operators intend to use electric vehicles in their fleets this year.
A separate poll by Fleet News discovered that one in five company car drivers are also ready to switch to a pure electric vehicle.
Both studies suggest that the benefits of electric vehicles are continuing to grow, with more and more businesses and individuals now considering EVs as a viable choice.
The FTA 2019 Logistics Report found that 71 per cent of survey respondents intend to use electric vehicles in their fleets this year and 41 per cent are planning to get plug-in hybrids.
While the organisation also calls on the government to increase investment in the affordability and infrastructure of the technology, so all costs do not fall on individual businesses, there is increasing commitment to the green transport agenda.
So what are the benefits of an electric fleet? Here’s a look at some of the reasons why you might decide to make the switch.
Obviously one of the biggest barriers to investing in electric has been cost. Not only the cost of buying the vehicles, but also the cost of installing the infrastructure. However, the Government has committed to its Road to Zero transport strategy which wants half of all vehicles to be ultra-low emission by 2030. It is highly invested in this ambition and is currently offering various grants towards vehicles and infrastructure to encourage people to make the switch. There are no guarantees as to how long that funding will last, so it’s definitely something worth taking advantage of while it’s available. The Workplace Charging Scheme, for example, reduces the cost of installing electric vehicle charging points at your place of work for your fleet.
There are also tax incentives to help bring down the cost of EV ownership, which is great news if you are running a fleet of vehicles. For example, full electric vehicles are not subject to Vehicle Excise Duty and low emission vehicles (less than 75g/km CO2), pay less road tax in the first year. There are also other tax incentives, such as Benefit in Kind Duty, capital allowances and salary sacrifice schemes.
Electricity is cheaper per mile than fuel and with ranges increasing all the time, this also means that vehicles can travel much greater distances between charges. Costs can be reduced even further by charging your fleet on your own premises using an Economy 7 tariff. We are approved installers for Rolec EV which has Europe’s largest range of electric vehicle charging stations and equipment, including a huge range of workplace charging point options.
Electric vehicles operate much simpler systems, with only one moving part, which is the electric motor. This means there is much less that can go wrong, and part replacements should therefore be less expensive. Other features mean there is no fluid replacement required and less wear and tear on the main components.
Workplace electric vehicle charging quotes
While there is an initial investment involved, electric vehicles are already representing a return on that in terms of the reduced ongoing costs. There is of course also the benefit to the environment, which is what is driving the whole green agenda, and there will already be consumers and organisations out there who will look at these green credentials when choosing who to do business with. Having an electric fleet is currently something that can be used as a marketing tool. In any case, electric vehicles are an inevitability for your business and it’s no longer a case of deciding if to make the switch, but when.
To find out about grant eligibility and for a workplace chargepoint installation quote, get in touch with The Car Charging Company.