Sustainability is a growing concern for many small-business owners. While going green helps you do your part in improving the environment, there is also a need to adhere to increasing regulations. One of the ways small businesses are becoming sustainable is by adopting EVs.
More companies are investing in EVs, especially as the UK government plans to ban all petrol and diesel car sales. Although EVs are becoming more common, you may hesitate to purchase them for your business. However, electric cars have many long-term benefits that justify the upfront costs.
Reduces greenhouse gas emissions
EVs are a key factor in combating climate change. Unlike traditional vehicles – which rely on fossil fuels – EVs operate on rechargeable batteries. When charging your car with electricity, the power source can come from renewable resources like wind and solar energy. The transition from oil-based fuels to cleaner energy sources means EVs produce far fewer emissions during operation.
With the UK continuing to increase its renewable energy capacity, the environmental impact of electric cars will decrease even further. Reducing greenhouse gases is crucial for small businesses looking to minimise their carbon footprint. By adopting EVs, companies will play a vital role in the global effort to fight climate change. Plus, businesses that make ESG (Environmental Social Governance) claims have achieved an 8% growth in sales compared to non-ESG companies.
EVs improve air quality
Traditional vehicles emit exhaust fumes containing various pollutants like nitrogen oxides and volatile organic compounds. These pollutants are major contributors to air pollution, leading to respiratory and heart disease problems.
In contrast, EVs produce zero exhaust emissions. This lack of tailpipe emissions means less pollution in the air. This is especially beneficial in urban areas where traffic congestion often leads to poor air quality. When small businesses adopt EVs, they promote cleaner air. While this benefits the environment, it also contributes to the health of communities with the company’s employees and customers in it.
Noise pollution reduction
The noise of engines and exhaust systems creates a louder, more stressful environment. However, EVs operate much more quietly. Their electric motors produce much less noise compared to conventional engines. Reducing noise pollution greatly benefits the environment and people’s well-being in busy urban centres. Quieter streets lead to a more peaceful atmosphere, which enhances the quality of life in communities.
As a small business, EVs can mean a quieter delivery or service fleet. This is especially advantageous within residential areas, so it is no wonder about 36.8% of companies have started looking into replacing their ICE (internal combustion engine) fleet.
Lower operating costs for small businesses
EVs offer numerous financial advantages to businesses. One of those benefits includes how electric cars are cheaper to run compared to traditional vehicles. The electricity needed to charge an EV is less than the cost of petrol or diesel fuel, leading to more savings in fuel expenses.
Additionally, EVs have fewer moving parts than ICE vehicles. You have lower maintenance costs because they do not require further investments like oil changes. Moreover, components like brakes tend to last longer due to regenerative braking systems. As a result, you increase your savings over the life of your EV, letting you allocate funds to other areas of your business.
Government incentives and grants
EVs unlock a range of incentives and grants for small businesses. With the UK government working toward sustainability targets, you can receive various financial incentives that may encourage you to adopt an electric car. These incentives come in multiple forms:
? Grants and subsidies: If a business purchases an electric van, the UK offers a Plug-in Van Grant that covers 35% of the purchase price. This can greatly reduce the initial cost of acquiring an electric van.
? Tax benefits: Companies benefit from favourable tax treatment in the UK Businesses can take advantage of lower Benefit in Kind tax rates for electric company cars. This allows business owners to write off a higher percentage of the vehicle’s cost against taxable profits.
? Low Emission Zones: In cities like London, Low Emission Zones and Ultra Low Emission Zones impose charges on high-emission cars. EVs are exempt from these charges, saving businesses money on operational costs.
? WCS (Workplace Charging Scheme): The UK government offers a grant through the WCS to help businesses with the upfront costs of purchasing and installing EV charging points.
Marketing and branding opportunities
Adopting EVs provides businesses with a good brand image. It can be a good way for companies to promote their commitment to environmental sustainability. This is a trait that consumers and partners increasingly value.
In fact, one study found that 11% of consumers make purchase decisions based on a company’s carbon footprint data. Additionally, 25% of consumers are willing to purchase products or services from suppliers that prioritise human rights and ethical working practices. Therefore, businesses that adopt green practices can attract customers and partners who promote environmental responsibility.
Addressing concerns related to EVs and charging infrastructure
While EVs offer numerous benefits, there are some concerns that many business owners have. For instance, small businesses may be weary of adopting EVs due to the availability of charging stations. However, the network of public charging stations across the UK is steadily improving access. Therefore, it will be easier for businesses to operate electric cars.
While the charging time varies, technological advancements lead to faster charging options, minimising downtime. Plus, with the UK government offering incentives for businesses to install private charging stations, this can help them save and make EV adoption more permanent. As such, EVs are becoming more feasible for companies to integrate into their operations. In turn, EVs for business use are expected to increase, positioning early adopters at the forefront of this positive change.
Take charge of a sustainable future with EVs
While transitioning to EVs requires consideration, the long-term benefits for businesses are substantial. Investing in EVs supports sustainability. Yet, it also offers economic advantages and enhances your brand. Carefully evaluate your needs and plan for the future. The journey toward a greener, more efficient business model is rewarding and a step towards a cleaner, healthier environment for all.
Eleanor Hecks is the managing editor at Designerly. She’s also a mobile app designer with a focus on UI. Connect with her about digital marketing, UX and/or tea on LinkedIn.
