EV or not to EV? What’s right for my business?
Are you considering introducing electric vehicles
In recent years, there has been a rise in the number of
Whether you are running a small or large business fleet, in addition to contributing to your companies’ Corporate and Social Responsibility policy, there are a number of advantages to choosing electric powered cars or vans. The following guide will talk you through what to look out for when considering an electric vehicle for your next business lease.
What are the benefits?
- Lower fuel bills
- Lower Co2 emissions
- Lower company car tax/BIK/Road Fund Licence
- No London congestion charges
What types of electric vehicle are there?
Electric vehicles fall into a number of categories, from fully electric vehicles, which run solely on electric power, to petrol/
Choosing the right type of electric vehicle for the right job can help you save money on fuel bills and lower Co2 emissions, but with an increasing number of electric vehicles available to lease today, picking the right vehicle for your businesses needs is easier said than done. Here’s a brief
The engine in these vehicles is always assisted by an electric motor (for example, the Honda Insight). The engine stops when the car is at rest and
These vehicles can be driven for a limited distance by the electric motor alone (for example, the Toyota Prius). This allows almost silent progress and zero tailpipe emissions in slow moving traffic. The engine starts as speed increases or when there is a requirement for greater acceleration. The battery is recharged by the engine when the car is not accelerating and also through regenerative braking.
The additional weight of the battery and electric motor, in conjunction with the lower inherent efficiency of a petrol engine, mean that a similar sized diesel car may be more fuel efficient on motorway journeys.
Plug-in hybrids (PHEVs)
Plug-in hybrids combine petrol or diesel engines with a battery and electric motor. They can also be plugged into the mains electricity in order to provide a much longer driving range on electric-only power. The batteries have a greater storage capacity than an existing hybrid, making it possible to drive considerably further using the electric motor only. For most commuting and domestic
Extended-range hybrids (E-REVs)
Extended-range hybrids are similar to PHEVs (above), but they are always powered by their electric motor. The petrol or diesel engine simply keeps the battery charged on longer journeys. The engine doesn't power the wheels;
Pure electric vehicles
Pure electric vehicles are powered solely by
Key factors to consider
There are a number of key considerations when choosing the right electric vehicle for your business, aside from the monthly payment.
Fully electric vehicles generally have a range of 80 - 100 miles between full overnight charges and whilst this is more than adequate for most trips in and out of work, for business drivers who do a high annual mileage with lots of motorway miles in between, the range of fully electric vehicles between full charges may be insufficient.
Access to charging points
Fully electric vehicles and plug-in hybrids can be charged using a network of quick charging points across the UK. These charging points will charge most electric vehicle batteries up to around 50% in 30-minutes, ideal for a quick stop in between meetings. As a rule, if there are lots of quick charging points on your driver’s standard journeys, a fully electric car or plug-in hybrid may be the best option for your business. It's also worth remembering that when charging a vehicle overnight from a mains socket at home, off street parking may be required.
P11d and BIK
Whilst many of the electric vehicle technologies remain relatively new, the on-the-road prices, and P11D values, of the
Keen to go green?
We have a wide range of electric and hybrid vehicles on our website! If you have a specific car in mind use our car search to find your perfect vehicle to suit your business lease needs.
Want to find out more?
Our team of vehicle and leasing experts are on hand to help you select the right vehicle for the right job, backed by the right fleet management services for your business. Simply call 0345 408 4047 today!