EVs have been the biggest disruption to motoring since the combustion engine replaced the horse.
In the last 6 years alone there has been an massive increase in EV registrations of 2400%.
In 2017 Stanford University economist Tony Seba forecasted that in the next 8 years petrol or diesel cars, buses, and trucks will no longer be sold anywhere in the world and the entire market for land transport is going to switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we’ve known it. This is why, as a business, it is imperative that you start planning the phasing out of your fossil fuel vehicles and get ready for the new and cleaner world of EVs and all the benefits that this carries with it.
EVs are a lot cheaper to run than petrol cars, as well as being a clean source of transport. Because electric vehicles have less mechanical parts than your conventional vehicle, less money will likely need to be spent on maintenance and servicing. As for charging, a full charge will cost roughly £7 in comparison to petrol cars, where a full tank costs around four times that. Tax wise there are also huge BIK (benefit in kind) savings for your employees and your fleet fuel costs, even if you only have one EV. In fact, you don’t pay any car tax if your vehicle is pure electric, and plug-in cars that emit 75g/km CO2 or less can get up to a 100% discount from the London Congestion Charge. So, the savings of having and operating electric vehicles ensures cost savings in every respect.
The government currently offers 75% towards the cost of installing work place charging, with up to a maximum of £500 per socket and up to 20 sockets per business, equating to £10,000 per business. This grant is only available until March 2020 or until the pot runs dry. Crucially, you don’t need to have an EV to apply, as it’s about encouraging your employees to switch to a cleaner greener way of driving. Plus, 70-80% of car charging is actually done at home, with home charging grants also being available.
EV Driver specialise in EV charging infrastructure and will help you with every part of the transitioning process to EVs. We’re a Suffolk based business that provides electric vehicle charge point solutions for home, commercial and workplace. But we don’t just install the charging units, we provide charging as a service and we appreciate that every business is different with individual needs. By having an EV charging station you are telling people that you are thinking green and thinking ahead, which is an attractive feature to have and can feed straight into your CSR. It also looks inviting to potential new employees, as helping the environment is a very current talking point – people want to be a part of that.
After all, EVs are the future.