Electrifying Your Business Fleet: A Guide to Buying EVs

by | Aug 18, 2023 | Guide

As the world transitions towards a greener future and the road to 2030 coming closer and closer, businesses in the UK are increasingly more likely to consider electric vehicles (EVs) as their vehicle of choice for their fleet. With numerous benefits, including reduced emissions and lower operating costs, EVs offer an attractive proposition. However, moving to an EV fleet requires careful consideration and planning in order to be successful. In this blog, we will be looking into the advantages of electrifying your fleet in the UK market and providing a comprehensive guide to help you make a more informed decision around EV.

 

Environmental and Sustainability Benefits:

Switching to an electric fleet may seem difficult and stressful but it can significantly reduce your company’s carbon footprint. With EVs producing zero tailpipe emissions, they help contribute to cleaner air quality locally as well as helping to combat climate change. By adopting EVs, your business can not only demonstrate a strong commitment to sustainability and environmental stewardship, but it can keep your long term company costs down giving you the financial freedom to better invest in your business.

 

Cost Savings and Financial Incentives:

While the upfront cost of EVs may be higher than traditional vehicles currently, they offer substantial long-term savings. Some of the key financial advantages include:

Lower Fuel Costs:

EVs have a significantly lower fuel cost when compared to petrol or diesel vehicles, even with the current higher energy prices UK wide. Generally, electricity prices are more stable than fossil fuel prices, helping you better predict your monthly costs and make invoicing easier.

Reduced Maintenance:

It has been found that EVs require significantly less maintenance than traditional vehicles. This is not only due to EVs have fewer moving parts. But also regenerative braking due to the more efficient braking system on EVS. There has also been shown that electric vehicles have been shown to cost at least 30% less to service and maintain. The only thing that’s the same with these vehicles maintenance is the tyres, needing to be replaced the same amount as traditional vehicles.

Tax Benefits:

As well as the generally lower running costs of an EV compared to traditional vehicles the UK government have also started offering various different, incentives such as grants, exemptions from road tax, and reduced company car tax rates for EVs, to encourage the uptake of these vehicles.

Understanding Range and Charging Infrastructure:

Range anxiety, the fear of running out of battery power, is a common concern when looking at purchasing an EV. However, modern EVs offer substantial ranges that can accommodate most business and personal needs. Additionally, the UK has a well-established and growing charging infrastructure, with numerous public charging points and an expanding network of rapid chargers all across the UK. Making it easier than ever to get from point a to point 2 efficiently. Understanding the charging options available and their accessibility is crucial for fleet planning.

Evaluating Operational Requirements:

When looking at electrifying your fleet it is important to consider your business’s unique operational requirements. There is a variety of factors to consider with the biggest factors including:

Vehicle Types:

Probably the most important factor to think about. Determining the factors for each type of staff to select the right mix of EVs, considering factors such as payload capacity, passenger capacity, and specific use cases, like emergency callouts and occasional situations.

Driving Patterns:

After determining the type of vehicle you’d get the best utilisation out of you should then evaluate the typical daily mileage and driving patterns of your current fleet vehicles to help ensure that EV ranges align with your daily operational needs.

Charging Infrastructure:

Once the vehicles are chosen it is important to decide on how you’re going to charge the vehicles. To do this you should assess the availability of charging points at your business premises or the public infrastructure at nearby locations to support your fleet’s charging requirements. We generally recommend installing your own EV chargepoints to help support your vehicles in a cost-effective way. But if this is not possible for you currently check out our blog speaking about how to best utilise the public charging infrastructure here.

 

Fleet Transition Strategies:

When implementing your EVs into your fleet, it is important that there is careful planning and consideration taking place. To ensure that the transition can run smoothly here are a few strategies you can use in individually or in tandem to ensure a smooth transition:

Pilot Program:

Start with a small-scale pilot program of 1-10 vehicles to assess the performance and suitability of EVs for your specific business needs as well as define areas you may have missed in the planning phases.

Infrastructure Planning:

Work with an EV chargepoint installer and evaluate your charging infrastructure requirements to help define what type of investment would be needed to effectively run the infrastructure in workplace or depot charging stations.

Driver Training:

Providing training to your drivers can be a commonly overlooked step when starting to roll out EVs to your staff. It is important that they understand how to use chargers, general EV operation, charging etiquette, and the benefits of eco-friendly driving practices.

Financial Analysis:

Before starting your fleet rollout, it is important to conduct a cost-benefit analysis comparing EVs to traditional vehicles, factoring in upfront costs, running costs, and current available financial incentives. It is important to keep into consideration if this is plausible for you currently while incentives are available or if it would have to be done closer to the 2030 finish line.

 

Conclusion:

Embracing EVs for your business fleet in the UK market is a strategic decision that offers numerous benefits. Beyond environmental advantages, EVs provide cost savings, tax incentives, and demonstrate a commitment to sustainability. By understanding the range capabilities, charging infrastructure, and evaluating operational requirements, you can make a more informed decision that aligns with your business needs. Take the plunge into electrifying your fleet and set your business on a path towards a greener and more sustainable future. If you’re ready to start your EV journey contact us here.

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