How can your business benefit from electric fleet?
60%
savings on fuel costs
Electric vehicles are cheaper and more efficient per kilometre than Diesel vehicles
50%
savings on maintenance
Electric vehicles have 100x fewer moving parts and don't need oil changes
Savings for businesses from electric fleet
Medium Electric Van | |
|---|---|
List price | + 35% |
Charger installation | +5% of EV cost |
Vehicle and charger grants | - 12% of EV cost |
Extra insurance costs (5 years) | + 10% |
Year 1 savings on business tax | - 25% of EV cost |
5 year Energy costs | Savings of 60 - 70% |
5 year Maintenance costs | Savings of 50 - 60% |
5 year TCO | Savings of 20 - 25% |
Here's how worked out these costs: 1. Vehicle retail prices from 2nd half of 2024 published by manufacturer 2. Vehicle grants available for UK government shortlisted vehicles only 3. 2024 Charger grants for businesses. Bigger grants are available for larger fleets and installations 4. Year 1 tax savings available for Electric vehicles - 100% of cost 5. Diesel vehicle tax savings calculated using standard rules on machinery costs 6. Fuel costs calculated using vehicle energy performance data, average fuel costs (2024) and average business electricity costs (2024) 7. Annual maintenance costs based on market prices for annual inspections