EVs in Fleets
Fleets play a significant part in transportation emissions, and the switch to electric vehicles is a great way to address the problem. Investing in electric vehicles as part of a business fleet can provide large monetary savings and reduce a business’ carbon footprint immensely. A business can realize long term cost savings through lower fuel costs, government incentives, reduced ongoing maintenance, and improved publicity and employee attraction/retention. For more information about how an EV can benefit your fleet vehicle operations, you can also check out FleetCarma.
While the cost of fueling a fleet of electric vehicles varies by location, the economics of EVs make sense across the board. Data is available for fleet owners in any region to crunch the numbers and see exactly how little an EV will cost to run. Looking at the Seattle government fleet that has EVs in the mix, city officials estimated $6,000 in fuel savings from a Nissan LEAF versus a Ford Focus over 10 years.
Reduced Maintenance and Repairs
There are fewer moving parts in an EV, making maintenance less expensive for fleet operators in the long run. Studies suggest total maintenance may be one third the cost when compared to a gasoline car of similar size and use pattern.
Fleet operators can look at four areas of maintenance for savings potential:
- Oil changes
- Brake systems
- Spark plugs and wiring
- Engine and transmission repairs
The cost of insurance has many variables involved, but EVs have several factors on their side. Insurers are certain to take note of the fewer maintenance requirements (i.e. a longer brake-life decreases the odds of an accident due to faulty brakes). Advanced safety technology that often comes standard in electric cars also assists drivers in reducing the chance of a collision.
According to Cover Hound, which ran the numbers in a study on EVs compared to gasoline counterparts, insurers also consider plug-in drivers more responsible – lowering their rates. Cover Hound data noted that a Chevy Volt was several hundred dollars less to insure annually than another GM car, while the same went for a Nissan LEAF compared to an Altima.
Fleet operators who opt for advanced telematics systems also see reductions in insurance costs because theft and other risks become minimized by the technology.