3. Make Savings and Boost Your Energy Resilience
Going electric means serious savings for your business. Company fleets that are partially or fully electrified will enable you to access government subsidy funds and leverage tax benefits such as avoiding company car tax. Not only that, but they’ll also allow you to make ongoing savings, such as eliminating tolls on motorways. When local incentives, like subsidies for charging infrastructure via schemes like the UK’s Workplace Charging Scheme, are combined with the comparatively low cost of electricity versus petrol, taking the EV route is a no-brainer for your budget. If installing a charger is virtually free, depending on where your business is based, and charging and maintaining EVs is always cheaper than petrol options, why on earth would any business not electrify their fleet?
Reducing your carbon footprint also has the advantage of lowering your carbon emissions tax. The EU ETS, regulating the carbon emissions tax across the continent, applies to a variety of businesses, from power generators to large industrial premises and manufacturers, including food processing plants, to certain public sector facilities, to hospitals. If your business is taxed under these regulations, reducing your carbon footprint should be high on your priorities if you want to keep your revenues high.
Another often overlooked saving point is the energy resilience that having an electric fleet can offer in emergency scenarios. Investing in chargers that are bi-directional, in other words that are ‘two-way’ and can convert and direct energy both into the car and out of it back to its source, means that EVs plugged into your charging infrastructure can act as a source of energy (via their battery storage) during power-outs or shortages. Renewable energies are not necessarily, as is often believed, more unreliable than fossil fuels - in fact, in some cases, they have been shown to actually strengthen grid resilience. Even so, you can never rule out possible shortages. Indeed, the number one threat to grid resilience when it comes to renewables is probably erratic weather patterns and natural hazards, as renewable sources of energy are often physically climate-vulnerable. With climate change making global weather patterns more erratic, natural weather hazards may occur more often, potentially becoming a bigger issue in terms of grid resilience. EVs may, therefore, provide an important emergency energy source in times of need, saving your business thousands of euros in potential lost business that could occur due to energy failures.