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Electric Cars: What Impact Could They Have On Your Business Energy Bill?
Electric cars are an eco-friendly alternative to diesel and petrol cars, but while electric car owners definitely save money at the fuel pumps, what effect does running an electric car have on your business energy bill?
Electric vehicles (also known as EV’s) have grown massively in popularity in recent years, as the range available, and the performance has dramatically improved. However, sales of Plug-in electric vehicles still only account for around 3% of total vehicle sales in the UK, despite sales of fully electric vehicles growing by 61% from June 2018 to June 2019.
The UK Government is currently working on a proposal to ban all diesel and petrol cars by 2035, however, so this is going to have a huge effect on sales as it will mean that the mainstream option for drivers in the future will be electric vehicles.
Types of Electric Car
Before deciding to switch your business car fleet to electric vehicles, you need to have an understanding of the different types of electric cars available. The most common types of an electric car are:
- Battery Electric Vehicles (BEVs). 100% battery-powered motor, sometimes known as all-electric, fully electric, or battery-only electric vehicles. You can usually expect about one to two hundred miles of driving per charge.
- Plug-in Hybrid Electric Vehicles (PHEVs). Run-on a combination of the battery-powered motor with a diesel or petrol engine as a back-up. A battery can run a car for up to 70 miles, with the internal combustion engine providing back-up power for longer journeys and higher speeds.
- Hybrid Electric Vehicles. A self-charging hybrid that powers the battery from the car’s own braking system, through a combination of electricity and fuel. They don’t need plugging in but they will need topping up with fuel.
Should you buy electric cars for your business?
Most people tend to associate electric cars with environmental benefits, but the costs benefits associated with them are just as impressive.
For example, running costs for electric vehicles can be lower than diesel or petrol vehicles. Fully electric vehicles don’t require any fuel at all, and even plug-in hybrids use less fuel than a standard car. Fully electric cars are also exempt from paying road tax, the London congestion charge, and Ultra Low Emission Zone charges too.
Aside from the lower running costs, there are also grants available which can help make the cost of owning an electric car much more palatable too.
The cost of charging an electric car
Whilst electric car owners save on fuel and tax, it is important to remember that they will have to consider the cost of charging. In a similar way to the cost of filling up with petrol or diesel, the cost of charging an electric vehicle will vary as well, and tends to depend on:
- The size of your car battery
- How much you pay per unit of electricity
D-ENERGi offers off-peak charging and a GoElectric Tariff, and you can also choose to spread the cost of a charger and standard installation over the length of your electricity agreement. To find out more, please get in touch.