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Published on June 17th, 2014 | by Christopher DeMorro

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Study: EVs Save Fleet Operators $16,000 A Year

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June 17th, 2014 by
 
Nissan

Though electric cars may cost more up front, their low-maintenance nature and low-cost fuel make them a natural fit for small businesses that require a lot of daily, local driving. A new study estimates that over a seven-year lifespan, the average electric car saves owners $16,000 in fuel and maintenance costs.

According to Green Car Reports, the study comes from the Canadian province of British Columbia, which also found that short-range, affordable EVs have enough range to cover the needs of 94% of fleet operators. Furthermore, each EV can save operators $16,000 apiece in fuel costs, maintenance, and of course, tax credits. British Columbia offers up to $5,000 for the purchase of an electric vehicle, but even factoring that out, EVs still come out ahead to the tune of $11,000 over a seven year span. That’s still more savings than you’d see by just not owning a car.

A bigger problem is the lack of variety in electric vehicles, though that too will soon change. As it stands, even those companies that would benefit from electric vehicles may need something bigger and more versatile than a Nissan Leaf. Thankfully production of the Nissan e-NV200 electric van has already begun, meaning a new commercial element of the electric vehicle equation.

These cost savings need to be trumpeted by EV makers as they try and tackle the lucrative commercial vehicle market. The less money going to oil companies and staying in the pockets of business owners, the better.

 

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About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or esle, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.



  • LookingForward

    Another thing I don’t get:
    EVs are sold for 11000$ and you get 5000$ for buying 1? So it would only cost 6000$? Isn’t that rebate way to large? PR that you would earn the purchase of the car back in 5 years would be enough, I think?
    BTW, I’m part of a workgroup of our national green party for my city.
    I’d like to know the cost and savings for EV buses with some numbers, can anyone help?
    I want to create a plan with my workgroup to completely electrify public transportation in my city, which are about 100/200 buses and at renewables at the overnight stay/garage of the buses at central station and the last stops if neccesary. Again can anyone help?

    • A Real Libertarian

      EVs are sold for 11000$ and you get 5000$ for buying 1? So it would only cost 6000$? Isn’t that rebate way to large? PR that you would earn the purchase of the car back in 5 years would be enough, I think?

      The 7 year savings with the tax credit is $16,000.

      The 7 year savings without the tax credit is $11,000.

      BTW, I’m part of a workgroup of our national green party for my city.

      I’d like to know the cost and savings for EV buses with some numbers, can anyone help?
      I want to create a plan with my workgroup to completely electrify public
      transportation in my city, which are about 100/200 buses and at
      renewables at the overnight stay/garage of the buses at central station
      and the last stops if neccesary. Again can anyone help?

      https://en.wikipedia.org/wiki/BYD_electric_bus
      http://cleantechnica.com/?s=byd+

      • LookingForward

        thanks for the help, apreciate it

        • A Real Libertarian

          You’re welcome.

  • Simon

    You might want to update your headline to “Study: EVs Save Fleet Operators Over $2,000 A Year” since the $16,000 savings is actually over a 7-year window.

    • JamesWimberley

      Perhaps they chose 7 years as a reasonable mean life of a fleet vehicle, so it’s a sensible horizon for an investment decision.

      Do we actually have good data on the life of pure evs? They are inherently simpler than ICE vehicles and may last longer at a given standard of reliability. Hybrids are more complex, not less.

      • Kyle Field

        It’s fine that they choose 7 years…just odd how the title is wrong…

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