Why switching to electric vehicles is excellent for business

Four years ago, I wrote an article for Lancashire Business View entitled ‘Why switching to electric is good for business’. I mentioned that plug-in vehicle sales were surging ahead, and that there were 3,000 locations in the UK where you could charge them. So how have things moved on in the intervening period?

Well, there are now over 9,500 locations in the UK where you can charge an electric car – with 500 new chargers being installed in the past month alone!

From January to the end of July 2019, there have been 97,000 new hybrid and plug-in vehicles sold. It’s fair to say that things have gathered pace, and more people are now seeing the availability of different models such as the new Nissan LEAF, MG ZS EV, Kia e-Niro and Hyundai Kona Electric all showing massive demand with thousands of pre-orders placed before launch.

These new vehicles, especially in the desirable Crossover/SUV segment, are driving even more people to consider EVs as their main/only car in the household. With all-electric driving range of the latest EVs stretching to 200-300 miles on a single charge, switching to a plug-in vehicle doesn’t involve the ‘range anxiety’ or compromise on journey time that they required just a few years ago.

Government grants for fully electric cars are currently £3,500 off the list price of a new EV, helping both private owners and fleets to make the jump to electric vehicles with a financial incentive. Grants are also available for the installation of home and workplace charge points – up to £500 for every socket or plug installed. If you choose an electric van, such as the Nissan eNV200, you can claim 20 per cent (up to £8,000) off the list price (and still claim back the VAT if applicable).

By switching your fleets to electric vehicles, you can protect against future cost increases

Congestion Charging Zones, and paying to enter the city during daytime, has been commonplace in London for many years, with exemptions given to fully electric vehicles. Manchester, Liverpool, Birmingham and Leeds are also in discussions currently to bring in similar tariffs for none-EVs in their respective city centres, so by switching your fleets to electric vehicles, you can protect against future cost increases for your business.

Electric Vehicles are also less costly to service and maintain, with servicing costs typically 50 per cent less than a comparable diesel car. Also, as these vehicles employ regenerative braking technology to slow down the car whilst charging the batteries, the brake pads and discs tend to last much longer. We’ve seen examples of Nissan LEAF with brake pads getting changed after 100,000 miles!

So, in summary, there are plenty of reasons to switch to electric vehicles for your business. I haven’t even mentioned that they drive fantastically, with instant torque and comparable power to 3 litre V6 engines, plus reduced driver fatigue due to less vibration and noise in the cabin… perhaps you ought to test drive one yourself?

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