Benefits of using electric fleet vehicles

Benefits of using electric fleet vehicles advice, Car group GPS tracking guide, EV tips, Emissions reduction

Benefits of Using Electric Fleet Vehicles

12 April 2023

Transportation is essential to consumers and organisations all over the world. Regarding the UK market, transport accounts for 72.3 billion British pounds to the country’s GDP. How people travel has evolved over the years, thanks to technology. Innovations in technology help and will continue improving transportation services, taper costs, and make far-reaching changes in business models.

Benefits of using electric fleet vehicles

Despite the growth in transportation, it is also causing an increase in air pollution and contributing significantly to global warming. The transport sector accounted for 37% of the CO2 emissions globally in 2021. Countries are working towards achieving a net zero emission goal by 2050, reducing greenhouse gases to zero as much as possible.

That’s one of the fundamental reasons electric vehicles are increasingly becoming popular. Electric fleet vehicles are vehicles powered by electricity rather than gasoline or diesel fuel. With the increasing awareness of climate change and environmental issues, the shift towards electric fleet vehicles is becoming more prevalent. While personal car owners take the leap to EVs, fleet owners slowly and gradually consider electrifying their fleets.

If you’re a fleet owner wondering about adopting EV fleet vehicles, here are some significant benefits of using electric vehicles and GPS tracking for security.

Reduced Emissions

One of the most significant benefits of electric fleet vehicles is the reduction of emissions. Electric cars produce zero tailpipe emissions, meaning they do not emit harmful pollutants into the air. This can positively impact the environment and public health, as air pollution has been linked to various health issues such as asthma and heart disease. Additionally, electric fleet vehicles do not produce any greenhouse gases contributing to climate change.

As organisations worldwide make sustainability a core element of their mission, EVs can help fleet businesses contribute towards green energy, reduce fuel costs, and conserve energy.

Lower Operating and Maintenance Costs

Another benefit of electric fleet vehicles is that they can be less expensive to operate and maintain over time. Electricity is generally cheaper than gasoline or diesel fuel, so operating costs for electric fleet vehicles are typically lower. Additionally, electric vehicles have fewer moving parts than traditional gasoline or diesel vehicles, making them less likely to break down or require repairs. This can lead to significant savings on maintenance and repair costs over time.

Since maintenance and repair costs take up a massive chunk of fleet operating expenses, fleet owners can reduce their overall operational costs and increase profitability. They can easily integrate GPS trackers into their electric fleet vehicles, get notifications about the malfunction, and set preventive maintenance schedules.

They can also help to increase energy security. By reducing dependence on foreign oil, electric fleet vehicles can help reduce the amount of money sent out of the country to pay for imported oil.

Tax Benefits

In many countries, government incentives are available for purchasing and operating electric fleet vehicles, such as tax credits, grants, and subsidies to encourage people to shift to EVs. In the UK, you don’t have to pay any vehicle tax if you have a pure electric car. For hybrid cars, you are liable to pay a vehicle tax ranging from £0 – £135 yearly, considering the CO2 emission levels.

And if your fleet vehicles emit CO2 of less than 50g/km, you get 100% first-year capital allowances, helping you recover the cost of a vehicle from pre-tax profits. For instance, if your vehicle costs around £40,000, you can enjoy a tax relief of around £7,600 in the first year. Ultimately, the better the cost savings, the more the bottom line improves.

Improved Fleet Management

With lower maintenance and operating costs and better sustainability, fleet owners can focus on improving fleets’ productivity. Indeed, one way is using fleet telematics technology that offers more visibility into operations like real-time location tracking, insights around battery consumption and driving behaviour, alerts around vehicle health and maintenance, etc.

Electric fleet vehicles with telematics can provide detailed performance data, which can be used to optimise fleet operations and improve overall fleet management.

Benefits of using electric fleet vehicles – Wrapping Up

The only challenge in adopting EVs is the limited driving range and charging stations. However, advancements in battery technology have greatly improved the driving range of electric fleet vehicles, and the government is pumping more money to improve the infrastructure required to support electric fleet vehicles. We can expect more charging stations, making it easier to find a charging station when needed.

Fleet operators need to consider the benefits of electric fleet vehicles and how they can incorporate them into their fleet operations. This will not only help to reduce emissions and improve energy security, but it can also help to save money and increase efficiency in the long run.

Comments on this guide to Benefits of using electric fleet vehicles article are welcome.

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