EVolution Insights

Welcome to the latest edition of ElectrAssure's newsletter, where we aim to highlight key insights within the EV industry that are relevant to you!

Make sure to read to the end to get insight on what's happening in the world of EVs.

Why UK Fleet Managers Should Electrify Now

The pressure is mounting for UK fleets to transition to electric, and those who act quickly stand to gain the most.

If you're still on the fence, here’s why now is the perfect time to take the leap:

What’s Driving the Urgency?

• Fuel Prices Keep Rising: EVs offer more predictable, stable costs, making your fleet easier to budget.
• Generous Government Incentives: From the Plug-in Van Grant to tax benefits, these won’t last forever. Take advantage while they're available.
• Charging Infrastructure is Booming: Over 66,000 public charging points in the UK means infrastructure concerns are rapidly becoming a thing of the past.
• Stay Ahead of 2030 ICE Ban: The UK’s ban on the sale of new internal combustion engine (ICE) vehicles is fast approaching. Planning now means smoother compliance and no last-minute rush.

Positioning your fleet as a leader in sustainability enhances your reputation, making your business more attractive to environmentally conscious clients and consumers. Additionally, EVs require less maintenance compared to traditional vehicles, which means less downtime and greater operational efficiency for your fleet.

We’re here to support your transition to a more sustainable fleet.

?? Make sure to get in touch to learn more about our EV solutions.

REA's Essential EV Fleet Guide

The UK trade group REA (Association for Renewable Energy and Clean Technology), in partnership with the Energy Saving Trust, has launched a new resource aimed at guiding UK fleet managers in electrifying their fleets.

We’ve listed the key insights below for your convenience ??

Key Insights:

1. Savings Potential:

• Typical savings of around ￡1,500 annually per light commercial vehicle (LCV) driving 15,000 miles.
• Savings of approximately ￡3,500 per rigid heavy goods vehicle (HGV) under the same conditions.
• Overall, EVs can save fleets between ￡1,000 and ￡3,000 annually per vehicle in fuel and maintenance costs.

2. Fleet Electrification Growth:

• Over 80% of fleet managers in the UK are considering electric vehicles (EVs) as part of their fleet by 2030.
• Fleet electrification could reduce carbon emissions from fleets by up to 70% by 2030.

3. Policy and Incentives:

• By the end of 2024, 10% of new van sales must be zero-emission; this will rise to 100% by 2035.
• For HGVs, all new models sold must be zero-emission by 2040.
• The UK government has committed ￡1.5 billion to support the transition to electric vehicles and charging infrastructure through initiatives like the EV Charging Infrastructure Strategy.

4. Available Plug-in Grants:

• Up to ￡2,500 for small vans
• ￡5,000 for large vans
• ￡16,000 for small trucks
• ￡25,000 for large trucks

5. Charging Infrastructure Needs:

• The UK needs to install 50,000 public charging points by 2025 to support the growing number of EVs.
• 54% of fleet managers reported difficulties in finding sufficient charging infrastructure for their EVs.

5. Charging Benefits:

• Scheduling charging during off-peak hours can lower costs and minimize the need for expensive grid upgrades.
• 57% of fleet managers indicated a need for better training and support for staff to facilitate the transition to electric vehicles.

Do you need support or guidance in navigating these changes?

Get in touch with us today so that we can assist.

Is Your Fleet Ready for Efficiency-Based Taxation?

There has been a growing call for a shift in vehicle taxation towards a system that prioritises efficiency over emissions.

As the automotive industry moves toward EVs, the current taxation model may not adequately reflect the environmental benefits of EVs compared to traditional internal combustion engine vehicles.

What You Need to Know:

• Taxation Model Shift: A new tax structure based on vehicle efficiency could encourage consumers to opt for greener alternatives.
• Incentivising EV Adoption: This change may drive further adoption of EVs, benefiting both the environment and consumers.
• Cost Management: A focus on efficiency can help businesses and fleet operators manage costs more effectively.

At ElectrAssure, we recognise the importance of staying ahead of these changing regulations.

Our team is committed to providing insights and solutions that align with these shifts, ensuring your transition to EVs is as seamless and cost-effective as possible.

Need help to improve your fleet’s EV transition? We’re here to help.

Thanks for reading!

Stay connected for more updates and innovations from ElectrAssure as we continue to lead the charge towards a greener world.

Feel free to get in touch with our team to discuss any enquiries you might have.