Given the longer range, improved technology and decreased price points of electric vehicles (EV), many business leaders have begun to look into purchasing or leasing EVs for their fleet. Here are a few reasons why we think you should consider switching to electric.
Savings on Fuel Costs
In general, the higher cost of buying or leasing an electric vehicle (EV) will be offset by reduced fuel spending. On average EV needs about 30 kWh of electricity to power the vehicle for 100 miles. According to Plug-in-America, while the cost of electricity throughout the US varies, the average cost is 12 cents per kWh. A person driving the average EV 15,000 miles per year pays about $540.00 per year to charge it. This translates to roughly $860 in savings per year in fuel, assuming gasoline prices remain at their historic lows. If you frequent urban areas with a number of stops along the way, EVs are roughly 50 percent more efficient to operate than diesel trucks overall. However, if your usual route involves fewer stops and higher average speeds, EVs may not be as beneficial since they only have a limited daily range and lower top speeds. In addition, EVs have regenerative braking systems that allow them to run more efficiently. Without frequent stops, you will lose this advantage.
It is projected that costs will be further reduced due to a combination of technology improvements and economies of scale. You can check the consumption of various EVs at the US Department of Energy website
Lower Maintenance Costs
The mechanics of an EV are much simpler than conventional vehicles. A battery electric vehicle has only one moving part, the electric motor. They have simpler transmissions and don’t need fluid replacement. According to Drive Electric Northern Colorado (DENC), EV commercial fleets operating today are reporting maintenance cost reductions of more than 50 percent across all electric vehicle classes.
Safer Working Environment
EVs have low ambient noise at the jobsite and workers are not exposed to diesel or gasoline exhaust fumes, thereby improving work conditions. However, one safety concern is that since EVs are relatively silent, pedestrians may be less aware of their presence. The National Highway Traffic Safety Administration in the US is studying ways to address this issue, such as requiring vehicles to emit audible sounds at low speeds. Drivers of EVs may also need additional safety training to avoid mishaps.
Real-world conditions such as weather and road quality affect the range and performance of EVs, so buyers should consider these factors. The advantages of EVs depend largely on how they will be utilized. EVs used for city driving with frequent stops will definitely outperform diesel vehicles.
Do you need work trucks or cars for your business? With a fleet of over 800 vehicles and growing, Thomas Solutions has a wide array of work vehicles for lease or rent. Whether you are in Hamilton, Niagara or anywhere in Southern Ontario for that matter, we would welcome the chance to see if we can help you with your fleet needs. Contact us today.