An EV fleet: What’s in it for me?

EVs have higher upfront costs, but this is only one part of the overall picture. Once you factor in operating expenses, maintenance frequency, government subsidies and utility rebate programmes, electric cars can be cost competitive with their ICE counterparts. Read all about in LeasePlan’s Total Cost of Ownership ’22 report.

By the end of the decade, McKinsey predicts that EV fleets will have a 15–25% lower TCO than those with ICE vehicles. This is largely due to lower refill costs and reduced need for maintenance. A successful fleet manager plans for the long term – and EVs are the best long-term solution.

As a fleet manager, you want your drivers to enjoy their time on the road. Well, a growing body of evidence suggests that EV motorists have a better driving experience. A 2020 study showed that less than 1% of EV drivers want to return to the wheel of an ICE vehicle. And last year, Nissan shared another vote of confidence: its EV drivers cover more miles than those driving ICE models. So much for range anxiety!

A 2020 study by BloomberNEF showed that lifecycle CO2 emissions for medium sized EVs produced between 18-87% fewer CO2 emissions than the equivalent ICE vehicle. This lifecycle study looked at vehicle & battery manufacturing and vehicle use. In the coming years, as electricity is derived from more renewable sources, this gap will continue to grow. Going electric will do more than just help your bottom line; you’ll be contributing to a net-zero future.

If you have a fully electric fleet, job applicants are going to take notice. Sustainability is a major priority for employees, especially among the younger generation. 83% of millennial employees would be more loyal to a company that helps them contribute to solving social and environmental issues, according to research from Cone Communications.

In today’s fiercely competitive talent market, companies need to step up their game. Proving your environmental credentials with an EV fleet is the perfect way to do this.

Sustainability and ESG is a hot topic and with good reason! Consumers are becoming more proactive in choosing ethically and environmentally sustainable companies to buy from. For companies this means that it is now commercially essential to look at lowering carbon emissions and moving to net zero emissions. One of the easiest ways to lower CO₂ emissions is looking at transport and switching high polluting vehicles for zero emission vehicles. B2B companies are not exempt from this trend either! Questions on company and fleet sustainability are becoming a common in tenders and you might find you can’t apply for a tender if you don’t have EVs in fleet.

Your EV transition is a chance to upgrade your fleet for the next generation of travel – so it’s time to start planning!

Want to learn more about LeasePlan’s EV fleet solutions? Click here.

LeasePlan is leading the transition to zero-emission mobility and has set itself the goal to achieve net-zero tailpipe emissions from its funded fleet by 2030. As a founding member of the EV100 – a global initiative of forward-looking companies committed to accelerating the transition to EVs – sustainable mobility is at the heart of everything we do.

This blog was originally published on leaseplan.com website. The views expressed may no longer be current and any reference to specific vehicles or products is for reference only. This information is not a personal recommendation for any particular vehicle, product or service - if you are unsure about the suitability of a product, you should consult with an expert.