Should you switch to an electric vehicle?

Whether you are traveling to or for work, if you use a car, electric vehicles are a great way to reduce your environmental impact . Electric vehicles are not only great for the environment, but they also save you money on fuel, tax and maintenance costs.

Electric cars (EV’s) are a great way to reduce your environmental impact. With fewer emissions, you can help reduce the amount of greenhouse gases in our atmosphere and attributed to your business carbon footprint from business travel to your commute

With the UK Government’s announcement that sales of new fully petrol and diesel cars will be banned from 2030 and hybrids in 2035, the trend for EV’s is gathering momentum.

Better for the environment.

The electric car’s environmental impact is often one of the reasons people buy them.

Electric cars do not produce any exhaust fumes and don’t even have an exhaust pipe, which can have a huge impact on air pollution. In fact, if you live in a city where there are many cars on the road, you may notice that it smells better when driving your EV than it does when walking or taking public transport. This is because electric vehicles don’t release any harmful emissions like those produced by ICE (internal combustion engine) vehicles such as diesels and petrol’s.

Yes their are embodied carbon emissions attributed to the manufacture of an EV that can be higher than that of an ICE vehicle due to the battery. The life time carbon of the electricity you use to fuel is significantly lower that that of fossil fuels per mile.

In addition to this benefit for our environment, smart charging solutions mean that charging can be programmed at cheaper times for energy consumption (such as overnight). If your energy is 100% renewable this can further reduce the environmental impact.

Incentives and tax breaks.

If you are thinking of buying an electric vehicle, here are more financial reasons to do so.

  • Incentives and tax breaks. Electric cars have been available since 2010 and there are several incentives available for their purchase. These include:

  • P11D/Class A National Insurance is determined by Co2 emissions for the vehicle ranging from 2/14% dependant on electric range.

  • Capital allowances – 100% FY( First Year Allowances) for electrically propelled vehicles

  • Leased car tax relief – under 50g/km can get tax relief on payments

Lower maintenance costs.

  • Fewer moving parts means less wear and tear. Electric vehicles use an electric motor instead of an internal combustion engine, so there’s no need for a transmission, clutch or other mechanical components. The absence of these can give you years between oil changes and other maintenance needs—and save you money in the process.

  • They’re less likely to break down. EVs are known for their reliability: They’re typically designed with fewer moving parts than traditional ICE vehicles, which makes them less likely to break down due to wear and tear from things like engine heat or vibration caused by shifting gears (which do not exist in electric cars).

Electric vehicles help the planet, the economy, and even your own bottom line

An electric vehicle can help you save money in a number of ways. In addition to the fact that you’ll no longer be paying for petrol and diesel, electric vehicles are cheaper to maintain than ICE cars. The typical cost of maintenance per mile is between £0.80-£0.17 for an EV compared to £0.42-£0.85 for a traditional car (assuming 15,000 miles per year). In addition, EV drivers don’t have to worry about oil changes or other routine maintenance procedures because EVs don’t use oil! As for performance: Electric motors deliver instant torque—which means better acceleration than traditional internal combustion engines.

For businesses, EVs are also a good investment because they decrease operating costs by cutting down on maintenance expenses related gas consumption and provide other benefits such as reduced greenhouse gases from reduced air pollution & energy demand reductions.

Electric vehicles are a smart investment that will help you save money and the planet. If you’re considering buying an electric vehicle, it’s important to do your research on how much maintenance will cost and how often you’ll need to charge up before making your decision. The good news is that there are plenty of resources available online for anyone looking into this type of car. We hope this article helped answer some questions about what owning one could look like!

READY TO MAKE AN IMPACT?
Speak to an expert to find out about how we can help you improve excel your business's progress to becoming net zero.