The benefits of having an electric vehicle fleet for business - Electric Vehicles and Chargers, Green Fleet, Plug-in Technologies, ROI, Tax Credits
When it comes to commercial applications, the benefits of plug-in technologies are so pronounced that a variety of businesses — utilities, delivery and distribution companies, even rental car companies — are taking advantage of this new and sustainable technology.
Eweb.org elaborates on a number of reasons why acquiring electric vehicles (EVs) and chargers make good business sense:
- Greater control over fuel costs since electric prices are significantly less volatile
- Cheaper cost of electric miles vs gas miles (2.5 cents/mile on average vs 10 cents/mile for a 30MPG vehicle)
- Less maintenance costs for electric vehicles vs gas vehicles
- Less noise pollution from EVs
- Tax credits and incentives increase ROI
- A more sustainable, efficient and “green” business
- The existence of EV charging infrastructure which continues to expand rapidly
Before acquiring EVs to your business, it would be good to consider the following points:
If your fleet is consistently on the move but are being used relatively for low miles, then an EV fleet would be a good choice. EVs on the market generally range from 60 to 80 miles per charge (or more.) This means one charge would go for one or two business days. Furthermore, continuous improvements in battery technology would allow for expansions on EV ranges.
Acquiring EVs would require an underlying framework for charging stations. If your company is willing to invest on building the EV charging infrastructure, adding and implementing EVs to your fleet will be easier later on. This would require an EV economic analysis which includes an evaluation of your electrical system and EWEB facilities.
A charging infrastructure requires an ideal location where power is accessible without potential safety hazards. Once you’ve decided where to build your charging station, you will need to choose which level of charger to purchase. There are several charging levels and possible electric service upgrades that may be required. It would be good to read up about them.
EVs might seem like a costly investment at the beginning, but savings in the long run will make up for the expense, as well as lower emissions. Federal and state tax incentives can help lower upfront cost for new EVs. The Commercial Federal Tax Credit allows businesses that purchase and install EV charging stations a tax credit of 30 percent of the qualifying costs (up to $30,000). For businesses with multiple sites, this tax credit can be used for each site. However, permitting and inspection fees are not qualifying costs, according to ChargePoint.com.
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