According to the EPA, transportation is the largest source of greenhouse gas emissions, making up 28.9% of all emissions in 2017. Not a surprise, gasoline and internal combustion engines (ICE) are the primary culprits. That’s why leading organizations such as Amazon, Anheuser-Busch, and even the Hyattsville Police Department are adding zero-emission electric vehicles to their fleets. The marketing benefits of being a green company with electric vehicles are clear – it makes you look good! – but there are clear financial benefits to going electric. Here are three reasons why fleet operators are switching to electric vehicles.
Cost savings are one of the biggest reasons to go electric. Electric vehicles have fewer moving parts, so they require less maintenance. They use regenerative braking, which reduces wear and tear on brakes. By definition, electric vehicles are zero emissions vehicles that are free from fluctuating oil prices and do not need emissions inspections. Lower cost of electricity means lower fuel costs – a win for EV fleet owners and drivers. Plus, because EVs help utilities better manage grid demand and reduce emissions, many local utilities and state governments offer funding to businesses that install EV charging stations.
Simply put, electric vehicles are more efficient than traditional ICE vehicles. According to the Department of Energy, battery electric vehicles (BEVs) “convert over 77% of the electrical energy from the grid to power at the wheels,” while ICE vehicles only convert between 12% and 30%. Bloomberg estimates that the total global increase in energy demand from electric vehicles is equivalent to 3.6 million barrels a day – far less than the 10 million barrels of oil produced by Saudi Arabia every day. The Sierra Club even calculates that a pure BEV that drives 15,000 miles per year could save $1400 in annual fuel costs!
What does this mean for fleet operators? Electric vehicles have higher fuel efficiency than gas cars, and their fuel comes from the local utility provider. Charge your fleet overnight using OpenADR 2.0b-certified smart charging stations, and your fleet can take advantage of lower fuel costs at times when the local grid experiences the lowest demand.
Sustainability is already an important factor in consumer choice. Increasingly, consumers want to know that their favorite brands value social responsibility. A 2017 Cone Communications study found that 63% of Americans expect businesses to lead on social and environmental change, and 76% “would decline to do business with a company if it held views and supported issues that conflicted with their beliefs.” Last week, BlackRock even announced its decision to prioritize sustainability and remove carbon-emitting thermal coal from its portfolios.
Consumers and investors agree: organizations must prioritize sustainability and take meaningful action to reduce carbon emissions. As part of the company operations, EV fleets are one way to make sustainability a priority at your company. Are you ready to support your company’s new electric vehicles with new EV charging stations? Ask your SemaConnect sales manager how to charge up your fleet in 2020.
It’s not just customers and consumers who support corporate social responsibility. Click here to read more about how EV charging supports your company’s employee satisfaction, retention, and morale.