How You Can Save from Using Electric Vehicles 

If you are running a business with diesel or petrol-fuelled fleet, there is no doubt that you are affected by the huge increase in fuel price lately. If you want to save your business money so badly, investing in electric vehicles is the most valuable investment you can make today. 

Electric vehicles offer a huge opportunity to save money because they are much cheaper to run. Of course, the initial cost of buying electric vehicles is massive and the exact running cost may vary depending on how the vehicle is used. But still, the cost of using electric vehicles moving forward is way cheaper than that of petrol or diesel-fuelled vehicles. 

According to studies, you can expect more than a 50% drop in your annual refuelling cost by using electric vehicles. Considering that an average vehicle in the UK spends £1000 on fuel each year, that is already a huge amount of savings and more if your business uses more than one car. 

In addition to the benefits mentioned above, you may also benefit from the government grants available for those who purchase electric vehicles. If you have been hesitating to invest in electric vehicles because of the huge initial buying and charger installation costs, the grant might be able to help you access EV charging stations at a lower price. 

How Much Can You Save with Electric Vehicles? 

There is no definite answer as to how much your business can save by using electric vehicles.  But you can consider these few things if you want to have an estimate of how much you can save. 

Usage 

How frequent will your business be using your electric vehicles? How much your business use EVs is an important factor in determining how much you will save.  

Fuel Cost 

Another factor to consider is the amount you are currently spending on running your gas-fuelled fleet. Gas is much more expensive than the electricity to run a vehicle which means you can save more by using fully electric vehicles. 

Soaring Fuel Price 

The price of fuel is currently so high and it keeps on climbing. This is why it is worth considering transitioning to electric vehicles before the fuel cost goes even higher. 

Other Perks of Using Electric Vehicles 

If you are not quite ready to fully transition to electric vehicles for your business, you may consider investing in hybrid vehicles which rely on both electricity and fuel. But if you decide on going completely electric, these are the other perks you can benefit from it: 

• Attract high-skilled staff – by increasing the chance of having high-skilled workers in your business, you can increase the work efficiency of your team which could result in high productivity and lower production and management cost. 
• Enhance customer impression – by showing that your business is actively supporting the calls for climate change, it can have a positive effect on your brand and help with the overall appeal of your business to consumers. All these could help increase your overall sales potential.  

Stuart Penrose Electrical 

Today, more and more businesses are turning to electric vehicles and are experiencing the benefits it provides their business, including higher profit and returns. 

Are you planning to invest in electric vehicles for your business and looking for experts to help you gain the benefits of having EV charging stations in your business location? Feel free to speak with our specialists at Stuart Penrose Electrical.