Switch to EVs and save 75% on fuel costs

Businesses in the UK could cut their fleet fuel costs by 75% if they switch to hybrid or electric vehicles (EVs). A new report on ‘The Plugged-in Fleets Initiative’, which […]

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By Priyanka Shrestha

Businesses in the UK could cut their fleet fuel costs by 75% if they switch to hybrid or electric vehicles (EVs).

A new report on ‘The Plugged-in Fleets Initiative’, which explored potential savings UK firms could make by introducing EVs and plug-in hybrids, claims an EV fleet would help those firms that operate vehicles with mileage below 80 miles a day meet their daily needs on a single overnight charge.

The findings from the Energy Saving Trust (EST) were unveiled at a gathering of transport experts including Transport Minister Norman Baker, who announced a £280,000 funding to help a further 100 fleets understand where low emission vehicles could work for them.

He said: “Electric and plug-in hybrid vehicles are an essential part of low-carbon transport. With increasing numbers of models coming to market and the low running costs that they offer, they will be ever more attractive to companies… Today’s report from EST gives fleet managers valuable insight into how different vehicles can be used effectively and could lead to increased uptake of low emission vehicles across British fleets.”

Boots UK, London Fire Brigade, Network Rail and York City Council are some of the businesses that participated in the programme.

According to the EST, car buyers can receive a grant of 25% off the price of an eligible vehicle up to a value of £5,000 and van buyers can get a 20% grant, up to a value of £8,000. Free EV charging points are also available in London for residents and businesses participating in trials to understand the impact of EV use on the electricity network.