Published on June 17th, 2014 | by Christopher DeMorro7
Study: EVs Save Fleet Operators $16,000 A Year
June 17th, 2014 by Christopher DeMorro
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.
Check out our new 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.