Did you know British companies could save an average of Â£350,000 by switching to electric vehicles?
British Gas, the UK’s leader in electric vehicle charging solutions, commissioned a study by the UK’s Transport Research Laboratory (TRL), it was discovered that companies could cut the running costs of their fleets* by an average of Â£350,000 and reduce CO2 emissions by more than 5% – the equivalent of 830 tonnes – per year by replacing just 10% of their current vehicle fleet with electric models.
The study found that certain professional sectors can achieve greater benefits than others by switching 10% of their fleet to electric vehicles. According to a combination of percentage cost and CO2 savings the top five sectors that would benefit are:
1. Â Financial Services
2. Â Emergency Services/NHS Trusts
3. Â Service industries (including IT, Leisure and Media)
4. Â Heavy industries
5. Â Architecture /Construction
The sector that stands to make the largest financial saving is transport and distribution, where companies can save on average Â£486,000 annually if they convert 10% of their fleet to electric power, and Â£2.43m if they introduce 50%.
The most suitable conditions for pure EVs are low urban mileage, minimal or reducing load profile, and a frequent return to base or other charging facilities for a relatively long stop.
Colin Marriott, Fleet General Manager at British Gas, said: â€œThis report shows that businesses, under pressure to reduce both costs and carbon emissions, cannot afford to ignore the benefits of electric vehicles. Electric vehicles offer us so many benefits as a business that we’re introducing them into our own fleet and aim to have 1,400 by 2015 as part of our drive to reduce fleet carbon emissions by 25%.â€
The report concluded that financial and carbon savings will vary depending on the characteristics of a fleet, such as annual mileage, vehicle duty cycle, types of vehicles used and the price of fuel and electricity.
It found that electric vehicles save money in a number of ways:
â€¢ Servicing costs – pure electric vehicles (not plug-in hybrids) have fewer moving parts, meaning that they need less frequent servicing
As well as these factors, the report highlights that fleets can currently take advantage of reduced taxes, as electric vehicles and plug-in hybrids pay less company car tax than petrol cars, as well as paying lower Vehicle Excise Duty and no London congestion charge.
Additionally there are also a number of government schemes that lower costs for electric vehicles at present, inducing Government’s Office for Low Emission Vehicles (OLEV) and Carbon Reduction Commitment (CRC).
British Gas is the preferred supplier of electric vehicle charging solutions for Nissan, Renault, Hitachi Capital Vehicle Solutions, Toyota, Vauxhall and Mitsubishi Motors.
For company fleets, British Gas:
â€¢ Â Works with a range of charging point suppliers including Pod Point, Chargemaster and Elektromotive to install a variety of charging equipment
â€¢ Â Provides a range of fixed and variable energy tariffs for businesses, and can provide green energy at price parity for larger companies
â€¢ Â Offers Energy Performance Partnerships, wrapping in a number of measures including EV charge points to enable cost savings on energy bills
In April this year, British Gas supported Public Sector businesses by holding an EV Grant Funding Conference. This followed news in February that the Government will be providing Â£37million of funding for EV charging points.
The conference provided clarity on the grant, details on how to submit grant applications and presentations from British Gas on EV charging infrastructure and various case studies. There was also an exhibition showcasing British Gas charging products and various hybrid and electric vehicles from British Gas partners.
The conference saw over 70 Council and NHS Trust attendees with two councils completing grant applications following the event, demonstrating a growing appetite and interest for electric vehicles in the public sector.
Want to find out more?
British Gas is the current leader in providing safe, reliable electric vehicle charging solutionsÂ for Britain’s businesses. We offer a tailored solution for all types of business, whether you are a sole trader or have a fleet of vehicles. British Gas offer the complete end of end solution from recommending grant funding sources to installation of your charging point.
If you would like to know more about the British Gas TRL study or would like to talk to us about your own EV fleet needs, please email us at firstname.lastname@example.org
*Large company fleets of sizes varying between 420 and 33,000 vehicles
*TRL analysed data from 201 fleets, totalling around 263,000 cars and 221,000 vans