Electric vehicles (EVs) are often perceived as too expensive, certainly too expensive to have multiple cars operating in a fleet service.
But, we know that’s a bit of an old-fashioned attitude, so we’ve collated some facts that might persuade fleet managers EVs are a real asset.
In 2017, 13,597 pure EVs were registered – 32.5% up from the previous year, so consumers must be quickly catching onto the benefits. (Auto Express)
As far as we can see, the main attraction is that although there is a higher initial cost, this is offset by lower ownership costs.
And that’s not just when it comes to your everyday consumer, these savings translate to businesses of any size.
Take Nottingham City Council, for example. They have 25 EVs currently and are planning to have 80 by 2020, so they’re obviously working for them. The council has reported 70% cost savings since switching to electric, which is a huge amount of money that can be spent on other council resources. (Go Ultra Low)
The total cost of ownership of an EV is around £10,000 less than a petrol or diesel equivalent, but the real stick and carrot of using an EV for business are the grants and tax incentives that are available.
There is a Plug-in Car Grant that subsidises the purchase of eligible cars, as well as a Plug-in Grant for vans that will lower the initial cost of the vehicles – particularly worth knowing if you’re a business that needs larger vehicles for service.
The Electric Vehicle Work Charge Scheme cuts the cost of having charge points fitted for up to 20 points, meaning medium sized fleets could all be charging on the company premises at the same time.
Business EVs are exempt from Vehicle Excise Duty, benefit from 100% first year allowance and lower Benefit In Kind percentage for company cars.
So, an electric fleet may seem expensive at first but with government incentives and lower running costs, EVs are a smart choice.
At Electric Zoo, we like to give consumers everything we can so they’re free to make an informed decision. If you’d like more information about using an EV for business and fleet, download our premium guide.