It’s now crystal clear that electric vehicles (EVs) are the future of motoring. In turn, that means that they’re the future for business transport too. Whether your company needs to move people or products, there’s never been a better time to go electric with your fleet. With more and more models constantly coming out, there’s more choice than ever before.
This gives you so many different options to please whatever needs or personalities your business demands. In 2019, over 60 different models of electric vehicles were available on the market. This was a massive increase from previous years, and the number of models available is expected to be more than double by 2025. Spoilt for choice? We’re here to help.
What is the best electric car?
The best electric car for you and your company will mainly come down to factors like cost and range. Don’t forget about style though, with prestige vehicles sometimes important for the image they project. If looks and performance are key to your business then the Porsche Taycan 4S Plus could be a real eye opener for what EVs are capable of.
Or you may discover the Tesla Model 3 Standard Range Plus is the perfect companion for long motorway trips between meetings and sales pitches. Especially with driving aids which provide an additional safety net after a long day on the road.
How far can an electric car go?
Happily, modern EVs are getting better all the time as charging and battery technologies develop. Typically, they now offer a range of 140-350 miles per charge. Whether your fleet cars usually travel less than 100 miles per week or a few hundred miles every day, there’s something to suit your needs. This gives you the capacity to make every meeting secure in the knowledge you’ve got enough juice in your battery to get you from A to B and back again.
Which electric car has the longest range?
Tesla has been at the forefront of the market for several years now. Part of their huge appeal is the driving range their cars offer. The suitability named Tesla Model S Long Range is capable of covering around 325 miles of ‘real world’ driving on a single charge.
There are plenty of cars now offering an attainable range of around 250 miles, which used to be reserved for the Tesla Model S and Model X. This includes SUVs like the Kia E-Niro and Hyundai Kona. A range of 250 miles is more than enough for most fleet cars to fulfil their daily duties without the need to charge up away from home or work.
How fast can you charge an electric car?
Charging speed is something you need to think about if your fleet cars cover a lot of miles in a day.
Most rapid chargers at UK charging stations operate at 50kW per hour. This means a car like the Hyundai IONIQ ‘Electric Premium’, which has a 38kWh battery, can recharge from 0-80% in only 50 minutes.
Using a fast charger operating at 7kWh, it will take around five hours from flat to full. This is the charging speed you get from domestic chargers and those you can install at work. As different employees are likely to have different needs, you could mix things up across your fleet to include cars with rapid charging capability and those without. This may be a great way to cut your costs.
How much does it cost to charge an electric car?
While the reputational benefits of running an electric fleet are increasingly important, a key consideration is how it’s going to affect your bottom line. And this is where the good news comes thick and fast. The biggest saving you’re likely to make compared to a petrol or diesel vehicle is on fuel.
It’s easy to work out the cost of a full charge; multiply the cost of the energy going into the car by its battery size:
There are energy tariffs directed towards EV drivers which cost less than 5p per kWh. With one of these, it’s only £2 to fully charge a Nissan Leaf (5p x 40kWh = £2). This gives you a real world driving range of around 150 miles:
Do you really save money with an electric car?
It’s clear that a fully electric fleet will save you huge amounts of money on fuel. A Tesla Model 3, for example, could save you almost £2,000 a year when covering 20,000 miles. The more cars you have and the more miles you cover, the more you save. You don’t have to worry about high mileages costing more in maintenance costs, as EVs have fewer moving parts they are typically 30% cheaper than their internal combustion engine (ICE) alternatives to maintain.
Then there’s the savings drivers can make on company car tax. There’s none to pay during the 2020/21 financial year, rising to 1% in 2021/22 and 2% in 2022/23. If you drive an executive saloon like the Mercedes S 450 L AMG Line, you’ll save £1,094 per month by switching to a Tesla Model S Performance Ludicrous.
Employers can save £768 in National Insurance expenses with a Tesla Model 3, while there’s no road tax to pay on EVs which cost less than £40,000.
The benefits get even better if you’re in London. Fully electric vehicles are exempt from the capital’s Congestion and Ultra Low Emission Zone charges. This saves you more than £5,000, compared to a Euro 5 diesel entering Central London daily over 45 weeks.
According to energy efficiency experts Sust-it, it only costs around 3.5p per mile to run a Volkswagen eGolf. This is compared to 9p per mile for its diesel equivalent, and 11p per mile for the petrol. You’ll save £275 per year if you only cover 5,000 miles per annum, while it’s £1,100 if you cover 20,000 miles.
Should my company have electric fleet cars?
The cost savings of a fully electric fleet are clear. There’s currently even a government incentive called the Workplace Charging Scheme, where you can claim £500 on up to 20 charge points. That’s a saving of £10,000 if you take up the whole quota.
As well as enhancing your company’s image, you can also improve your employees’ daily lives behind the wheel, as they strive to maximise profits for your bottom line. EVs are more pleasant to drive (they’re quiet and all automatic!) and with great benefits for the environment, you can help your local community work towards cleaner air while potentially improving your employee retention.
Electric cars are the present as well as the future, so give us a call today and let us help you work out how you can make some positive changes to your fleet.