There are an increasing number of electric cars on the roads and the market grew in 2020 despite the automotive industry struggling heavily, so could now be a good time for businesses to buy an electric company car? There are many reasons why this could be a smart move, so read on to find out more.
Table of Contents
Environmental Benefits
The most obvious benefit of opting for an electric company car is that it will help with your brand recognition for reducing its environmental impact. It is vital that companies in all industries lower their carbon footprint, plus this should also help to improve the reputation of your brand. The world is becoming greener and consumers are becoming more selective, so improving your green credentials is important for future success.
Financial Benefits
There are also several financial benefits to consider, which of course will certainly be appealing to any business. First, you will make big savings on running costs as these cars will save you on fuel costs and road tax – this can add up to a huge sum over the long-term. In addition to this, you can benefit from grants to make buying an electric car more affordable so it can be a smart financial move. As with any vehicle, you need to make sure that you have adequate insurance in place to protect your investment in the event of a write off.
Market Improvements
It is understandable if businesses and other motorists were hesitant in years gone by, but the market has improved rapidly in recent years. There are now many different types of electric cars available in different categories, the battery technology has improved and the charging infrastructure has grown – there are now more electric charging points than petrol stations. These alleviate the previous concerns of making the switch and means that owning an electric car is a smart choice for any motorist.
Future-Proofing
A smart business owner will always be looking ahead to the future and it is clear that electric cars are the future of driving. The 2030 ban on the sale of petrol and diesel should be kept in mind, plus it seems that many are already making the switch especially with an increasing number of fines, bans and charges on driving petrol and diesel in major cities.
Overall, now is a great time for a business to make the switch to an electric company car and you will notice the benefits immediately.
