How Can EV's Save a Business Money in Australia
The amount of money that a business could save by converting its fleet to electric vehicles (EVs) in Australia is now becoming substantial and making it more attractive to convert to electric.
Studies have shown that businesses that switch to EVs can potentially save a significant amount of money in operating costs over the lifetime of their fleet. For example, a study conducted by the Australian Renewable Energy Agency (ARENA) and ClimateWorks Australia found that businesses that switch to EVs could save up to 60% on fuel and maintenance costs compared to traditional gasoline or diesel-powered vehicles.
Other studies have also found that EVs have lower operating costs than traditional vehicles, thanks to their higher energy efficiency and lower maintenance requirements. For example, a report by the Electric Vehicle Council of Australia found that EVs have an average fuel cost of around 5 cents per kilometer, compared to around 10-12 cents per kilometer for traditional gasoline or diesel-powered vehicles.
According to the Australian Electric Vehicle Association, the cost to drive an EV is around $0.03 per kilometre, compared to $0.13 per kilometre for a petrol car. This means that a business can save a significant amount of money on fuel costs by switching to an EV.
Lower maintenance costs: EVs have fewer moving parts than petrol or diesel cars, which means they require less maintenance. They don’t need oil changes, and their brakes and tires last longer because they use regenerative braking to slow down. This can result in significant cost savings for businesses, particularly those with large fleets.
Tax incentives: In Australia, businesses can claim a tax deduction of up to $59,136 for each EV purchased for business use. Additionally, the federal government offers a range of tax incentives and grants for businesses that invest in renewable energy and energy-efficient technologies, including EVs.
Reduced carbon emissions: By switching to an EV, businesses can reduce their carbon footprint and contribute to a more sustainable future. This can also help businesses comply with government regulations and avoid potential fines for exceeding emissions targets.
Improved brand image: Many consumers today are environmentally conscious and prefer to do business with companies that share their values. By adopting EVs, businesses can demonstrate their commitment to sustainability and attract customers who prioritize environmentally friendly products and services.
EVs offer a range of benefits for businesses in Australia, including cost savings, tax incentives, and improved brand image. As the government continues to promote the adoption of renewable energy and low-emissions vehicles, EVs are becoming an increasingly attractive option for businesses looking to reduce their environmental impact and operating costs.
EVOS makes the transition to electrifying your fleet easy and simple. EVOS will also help reduce the cost of setting up and operating the charging infrastructure by providing its leading energy management solutions.