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Why electric vehicles make sense for almost any organisation

by LLB Reporter
20th Jun 19 7:24 am

In the last few years, Ultra Low Emission Vehicles (ULEVs) have become a better proposition for any organisation with a fleet.

Today, the benefits of greener cars and vans are so compelling, if you don’t consider them, you risk seriously missing out.

According to LeasePlan UK, here’s why this is the perfect time to look into leasing ULEVs.

Reason 1: ULEVs now have the range

The average UK car trip is just 8.4 miles. Many modern EVs can cover over a hundred miles on a single charge.

With every generation, ULEV distances are getting longer. And with Tesla releasing its patents as an open-source to allow other automotive companies to utilise its tech innovations, we should be seeing better, stronger, greener vehicles coming our way in the next few years.

Reason 2: ULEV manufacturers now have a range of models

These days, most alternatively fuelled vehicles look like – well, vehicles and the list of big names going green is growing all the time, from Audi, Kia to Porsche. In fact, Toyota has been at the heart of the green revolution since 1997 – with over 12 million hybrids worldwide.

We’re now at the stage where vehicle manufacturers are starting to treat electric and hydrogen as just another engine option, alongside petrol and diesel. When it comes to picking the right ULEVs for their needs, organisations are increasingly spoilt for choice.

Getting the most from an ULEV means driving it in the right way, luckily many manufacturers offer driver training with some organisations even eligible for subsidised EV driver training sessions from the Energy Saving Trust.

Reason 3: The infrastructure is in place. And it’s getting faster

There are over 20,000 public charging points across the UK, with the vast majority of these chargers either ‘fast’ or ‘rapid’. Though frankly, if you charge your EV at home, overnight, you might never need to use them. We’re set for some exciting developments in this space too. For example, the Government is trialling Electric Motorways that would enable you to charge on the go.

Reason 4: The reliability is proven

Some of LeasePlan’s most popular ULEVs are vans and commercial vehicles. Reliability – alongside lower costs – is a big part of the attraction.

While the technology in today’s ULEVs is increasingly sophisticated, they’re mechanically very simple, meaning there are fewer parts to go wrong. This reduces the risk of vehicle downtime, meaning less time and money spent on repairs.

Reason 5: The technology is moving fast

ULEV technology continues to evolve at a blistering pace – which means, if you’re looking to buy a vehicle outright, you’d want to think carefully about the resale value before you take the plunge. It’s also worth considering that for the price of buying a single ULEV outright, you could lease three or even four of these vehicles.

With leasing, however, that resale value sits with your leasing provider – and that’s a good thing.

In addition, if you choose to upgrade your vehicle at the end of your lease’s term, the leap in performance will be even more spectacular.

Reason 6: Legislation is coming in

Today, emissions are a hotter topic than ever – and the legislation is arriving to prove it.

Two that businesses should be aware of is the Energy Savings Opportunity Scheme (ESOS) and Ultra Low Emission Zone in London or Clean Air Zones.

All large UK companies are now required to participate in the Energy Savings Opportunity Scheme (ESOS), accounting for their total energy consumption across buildings, production, and transport.

In addition, Transport for London (TfL) has made central London an Ultra-Low Emission Zone (ULEZ). If your vehicles don’t meet its exhaust emission standards, you’ll have to pay an additional charge to drive through the heart of the capital.

Clean Air Zones (CAZs) are being introduced up and down the country, from Leeds and Bristol to Oxford and Southampton. Some of these CAZs will be non-charging, but others will impose charges on the most polluting vehicles. This won’t be a problem if you’re running on electricity.

Reason 7: The cost argument adds up

It’s true that ULEVs are rarely the cheapest option on the forecourt. But, when it comes to the whole-life costs, they can now compete (and often beat) a petrol or diesel vehicle hands-down.

That’s because you stand to save on:

Fuel

A full charge for 100 miles costs around £2 to £3 compared to £9 to £13 in fuel if you’re driving a petrol or diesel car.

Tax

Pure EVs are currently exempt from vehicle tax, and there’s a range of additional tax incentives for businesses adding ULEVs to their fleets.

Maintenance

With fewer moving parts, EV maintenance costs are typically lower than those of conventional vehicles.

Other Charges

Drive an ULEV, and you don’t have to pay the congestion charge, saving £11.50 every time you pass through London. Some towns and London boroughs are now charging premiums for diesel vehicle parking.

In addition, the UK’s plug-in car grant scheme offers financial assistance to those buying Ultra Low Emission Vehicles. And if you’re leasing your vehicles, you’ll could also experience a saving.

The day of the ULEV for fleets is dawning, whether it’s as a company car or a working van. The impressive numbers of miles-per-charge are here, the infrastructure is in place, the tax breaks and cost savings are increasingly impossible to ignore, so Implementing a low-emission strategy makes considerable financial sense.

If you’re considering the switch to electric, here’s a handy jargon buster to help you along the journey:

  • ULEV

Ultra Low Emission Vehicle. A vehicle that produces less than 75g of CO2 for every kilometre it travels.

  • ICE

An internal combustion engine burns petroleum-based fuel to generate heat, to drive the vehicle’s transmission and wheels.

  • EV

100% Electric Vehicle. A vehicle that runs on electricity alone.

  • Hybrid

A petrol engine running alongside an electric motor.

  • PHEV

Plug-in Hybrid Electric Vehicle. This uses electric power until the battery runs down, when a petrol engine kicks in.

  • E-Rev

Range extended electric vehicle. Has a plug-in battery pack and electric motor, as well as an internal combustion engine (ICE).

  • FCEV

Hydrogen fuel cell vehicle.

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