The Future is Electric: 5 Reasons Businesses Should Switch Their Fleets To EV
Electric vehicles (EVs) are quickly becoming the preferred choice for fleet managers. With financial incentives, lower total cost of ownership, and improved technology, switching your fleet to electric offers numerous benefits.
Here are five key reasons why EVs are the future for fleets:
1. Lower total cost of ownership
There are significant cost savings associated with switching to electric. Reduced maintenance and running costs, along with government grants and incentives, contribute to these savings. EVs are still typically cheaper to run than internal combustion engine vehicles, particularly if the vehicles are recharging at the base. EVs are also generally cheaper to maintain due to fewer moving parts, resulting in lower maintenance expenses over time. Recent analysis shows that electric cars are almost a third less to service over the first three years of ownership compared with petrol- or diesel-powered cars.
2. Government incentives
The UK Government offers grants and tax breaks to encourage EV adoption. Fleets switching to electric may qualify for subsidies on EV purchases and charging infrastructure. EV company car tax rates are just 2% in 2022-23, compared to petrol and diesel vehicles, which can be up to 37%, depending on vehicle emissions. Plus, with the Government’s Workplace Charging Grant, you can claim up to £14,000 towards the cost of installing EV charging at your workplace. Taking advantage of these can significantly lower costs.
3. Improved sustainability
The Global Sustainability Study 2021 shows a significant shift in consumer purchasing behaviour, with an impressive 85% prioritising more sustainable options. In addition, the UK Government has a target to reach net zero by 2050. When combined with the introduction of the Ultra Low Emission Zone (ULEZ) in London and plans from other large cities to follow suit, transitioning to EV fleets will be one of the best ways to maintain operational efficiency while supporting sustainability goals.
4. The ease of implementing charging infrastructure
On the road today, there are an estimated 850,000 fully electric cars, 46,000 electric vans and a further 530,000 plug-in hybrids in the UK. EV charging technology has improved significantly. There are now many options available for charging and operating EV fleets, whether that be chargers at depots, using public networks or a combination of both. An EV solution provider like Equans will match the right charging infrastructure to your requirements.
5. Future-proof operations
The UK Government has a target to phase out new petrol and diesel car sales by 2030. Forward-thinking fleets are getting ahead of the curve by switching to electric now. This future-proofs operations against regulatory changes. It also gives businesses time to install charging infrastructure at their own pace, making the transition early ensures your fleet will still be on the road in 2030 and beyond.
So, lower costs, sustainability, incentives, driver benefits and future regulations all point to EVs as the way forward for fleets. By partnering with us at Equans, we can help you seamlessly electrify your fleet and stay competitive in the transition to electric mobility. Our end-to-end services, from charger installation to driver support, ensure your EV fleet rollout is efficient, cost-effective and maximises benefits.
Contact us today to discuss how we can assist with your fleet electrification goals. Our experts are ready to consult and create a customised EV solution tailored to your specific needs and budget.
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