The business benefits of electric vehicles (EVS)
If your business operates a fleet of vehicles, then you’re probably well aware of the electric vehicle switch that is being adopted by many companies across the UK and the globe. Transitioning to electric vehicles can assist businesses in lowering emissions, internal and external costs, and the total cost of fleet ownership.
Whilst it might sound like a costly procedure, in the long run, there are numerous business benefits for a company to switch to a fleet of electric vehicles. What’s more, you could save time and money by outsourcing your fleet strategy, too.
Reduce costs and improve productivity
First of all, by switching to EVs, your company’s maintenance expenses are lowered since EVs are naturally more dependable than ICE (Internal Combustion Engine) vehicles. This is because there are fewer mechanical parts that are prone to failure and they frequently supply more data to the user and organisation to enable more preventative maintenance.
EVPs Fleet Analytics dashboard allows clients to create bespoke dashboards which simplifies procedures such as transitioning suppliers, or managing diversified supply chains. Giving the user up-to-date information on their fleet, combining real time updates and preventative maintenance techniques.
Lower tax on fuel
The UK Government will give you tax relief benefits for having a part or fully electric fleet. Benefit in Kind (BIK) is tax-free for company car drivers and fleet operators who choose an electric vehicle, which began in April 2020.
Say goodbye to congestion charges
This is the top economical benefit of electric vehicles in your company fleet. Of course, it sounds like an obvious detail, but you can be sure that you won’t be paying congestion charges when your cars don’t produce CO2 fumes.
UK businesses, Tusker, Rentokil Initial, OVO, Tarmac and Drover have all committed to the EV100 coalition, which is a non-profit project led by Climate Group that seeks to have all firms worldwide transition to an electric vehicle fleet by 2030.
Increase your organisations’ reputation
Of course, by adopting a more eco-friendly approach to your business operations, you are part of the change that a number of organisations desperately need to adopt in order to make a difference in climate change. Larger companies that have already committed to making the switch include Asda, and Natwest – who plan on installing EV charging points at their headquarters and various office locations.
EVP has put together a useful guide for more information on how to become more eco-friendly as a business.
Electric vehicle advice
If you’re looking for advice on electric vehicles and changing your fleet from petrol and diesel to electric vehicles – our guide to choosing your first electric vehicle provides a wealth of information if you’re unsure where to get started.
Our team of fleet management experts are happy to guide you through the economic benefits of electric vehicles and the process of switching your fleet. Get in touch with us on 0161 973 8579, or email us at email@example.com for more information.