Electric vehicles make perfect business sense. From maintenance to monthly ‘fuel’ cost, they are a much cheaper vehicle to run than internal combustion engines. When you also realise that you can drive an EV directly into the City of London and not worry about the Ultra Low Emission Zone charge or parking fees; it’s easy to see that your EV costs less to use.
So this Zero Emissions Month, are you thinking about making your next company car an EV? Here’s why you should 👇
With zero emissions from the tailpipe, electric vehicles have a great effect on reducing the impact our transport network has on the environment.
In fact, when driving into London, in an effort to combat climate change and pollution within the city, EVs are favoured. All EVs are exempt from the charge in the Ultra Low Emission Zone, and furthermore they also are exempt from the Congestion Charge which can save your business up to £27.50 for every day you need to drive into the city.
Running an electric vehicle into the City of Westminster also cuts your parking costs. You are only charged for 10 minutes worth of parking time in any on-street bay and are entitled to the maximum prescribed time given on street signage.
It’s obvious who the real winner is when you compare the running costs of a regular petrol/diesel car to an EV. Overall, it’s incredibly inexpensive to fuel an electric vehicle while also not missing out on too many of the perks of a traditional car.
The British Vehicle Rental and Leasing Association calculated that it would cost two to four pence per mile to charge your EV. However, this is dependent on how the vehicle is charged and where, with home or workplace charging generally being cheapest.
In comparison, for an equivalent petrol or diesel car, it will cost you 10 to 14 pence per mile. This means going electric could save you 80% to 90% on company fuel costs, allowing you to spend that money in other areas of your business.
As well as fuel running costs, there is also a substantial amount of savings to be made on the maintenance and annual servicing costs with an electric vehicle. It can be around 40% cheaper as there are fewer moving parts. An example of this saving is that a minor service on an electric Nissan LEAF would cost £159, compared with £229 for a Nissan petrol model and £269 for a Nissan diesel car.
Another major perk of having an electric company car is that they are exempt from road tax, or Vehicle Excise Duty (VED). This is because the system is now based on carbon dioxide emissions all in an effort to protect the environment.
The more your car pollutes, the more you have to pay, which is excellent news for owners of electric vehicles as they have zero tailpipe emissions, meaning there is nothing to pay.
The UK Government is fully in support of electrifying our transport networks, and the saving on Road Tax is further proof of that, especially in tandem with the EV charger grants we’ve previously covered.
Another important reason that your business should consider switching to electric vehicles as soon as possible is with the fast-approaching upcoming ban on selling any new petrol, diesel or hybrid cars in the UK looming on the horizon.
The date for this ban has been brought forward from 2040 to 2035 by the UK government already. Further discussions have taken place recently to bring it forward again to 2030, as experts say that 2040 would be too late to reach the government’s aim of emitting virtually zero carbon by 2050, in plans unveiled by Boris Johnson as part of a launch event for a United Nations Climate Summit.
This has encouraged many car brands to make the switch to electric already; in fact, there has been increased production from 25,000 EVs in 2018 to over 500,000 in 2020. Sales of electric powered vehicles doubled in August 2020, with a quarter of all cars sold during the month using some form of electric power.
The ban will mean that it will gradually get more expensive to purchase an electric car or a fleet of them as we edge closer to the year of the ban. Therefore you should take the plunge sooner rather than later and future proof your company.
The earlier you make the switch will leave you more time to consider the remaining aspects of owning an EV, such as charging solutions, whilst switching to EVs now will make your company even more socially responsible.
Discover how we can help your business’ charging needs by getting in touch and booking your site survey here.
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This type of electric charger has it's own cable to charge your car.
This type of electric charger requires a seperate cable to charge your car.
We lay SWA cable laid at 600mm deep, with a protective cable warning tape laid 150mm above the cable. These are laid on a sand or sifted sand soil bed then backfilled.
We position overhead cables at a minimum height of 3.5m and are run along a catenary wire. The cable run should not be accessible to vehicles.
Standard installation for the Homecharger covers the majority of homes in the UK and includes the following: