Electric vehicle technology has come a long way and many people are saving money and reducing their impact on the environment by making the switch. But, if you run a business, should you use electric vehicles or stick with a standard engine for now? The truth is, there are pros and cons so the answer depends on your financial situation and your business needs. Here are some factors to consider.
They’re More Expensive To Buy…
When you buy company cars for your business, think about the upfront cost. Electric vehicles are still more expensive than standard cars. This alone could be a deal-breaker for your business. I recommend shopping around to find dealers like edmunds that offer consistent good deals.
…But They’re Cheaper To Run
Even though the upfront cost is higher, once you have made the initial purchase, they are cheaper to run. They cost less per mile than standard engines and this is good news for businesses that have multiple vehicles that travel greater distances. So, you’ll spend more to start with but save in the future.
The Maintenance Is Simpler
Because electric motors don’t have as many moving parts as standard engines, you will find that electric vehicles require less maintenance. In fact, the shaft is the only major moving part that needs to be maintained, so the chances of a breakdown are much lower. The batteries are expected to last for tens of thousands of miles too. That means that your fleet of vehicles will be far more reliable and you won’t be spending as much money on repairs in the future.
They’re More Eco-Friendly
The fact that they are more eco-friendly is one of the main reasons why many businesses are choosing electric vehicles. You can help reduce your carbon footprint with lower emissions, cutting back on pollution, and reducing waste. This transition could attract customers that are concerned about environmental issues. This makes a huge difference overall because more people will sever ties with companies that don’t make an effort to reduce their impact on the environment.
It Can Be Hard To Find Charging Points
The biggest drawback with electric vehicles is that you have a limited range and it can be hard to find a charging point when you are on the road. This is a big problem if you and your employees have a long commute. You need to plan your route in advance or use a website like Zap-Map, which shows charging points. However, this problem is fast disappearing because electric vehicles are becoming more popular and car companies are investing more money to build charging points all over.
Electric vehicles are the way forward if you are looking for long-term savings for your business. However, the initial cost can be quite high, so wait until you are in a strong financial position before making the switch.