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Electric vans: Could they really pay for themselves within three years?
Report claims that lower running costs will lead to SMEs being better off with EVs
The study by leading British research company, The Centre for Economics and Business Research study - commissioned by Ford PRO - showed that 58.9% of small business van users were looking to switch to electric vehicles in the next five years.
The key drivers for companies adopting electric vehicles also incluided access to low emissions zones, concern for the environment and business reputation. A sample poll, which interviewed 1000 small business owners across Europe, found that SMEs are leading the adoption of electric vans, ahead of large corporates.
Analysis of the total cost of operating electric vans compared to diesel or petrol equivalents also found that electric vehicles make up for their higher initial purchase costs within a typical three-year ownership timeframe with annual electric van charging costs of £3,152 compared to £10,562 for fuelling an internal combustion engine van.
For those not ready to make the switch, charging time was the biggest concern (38.1%) followed by initial purchase cost (37.7%). Despite this, 58.6% said that they were likely to choose an electric van over the next five years.
The Economics of Commercial Van Usage Across Europe 2024 found that Germany had the highest proportion of new electric van registrations in 2023 at 9.5%, and that the UK showed the greatest growth since the last report in 2018, with market share evolving from 0.3% to 6%.
Published On: 13/06/2024 14:00:00
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