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Go Ultra Low: Plug-in vehicles could save businesses £625m

UK businesses could save a collective £625 million by switching to electric vehicles, according to Go Ultra Low.

The government campaign, designed to promote plug-in vehicles, has calculated that 435,000 small and medium sized businesses (SMEs) could feasibly replace petrol and diesel vehicles with ultra-low emission alternatives and save up to £1,440 in the process.

The organisation made the calculation after surveying UK SMEs prior to its recent ‘Preparing for your electric vehicle future’ event held in London on 10 January.

It claimed that many businesses are not aware of the potential savings of electric motoring, as 35% said they considered whole-life costs of running a vehicle, with the major considerations remaining at the more basic level of vehicle contract hire rates (32%) and vehicle list price (12%).

However, more than two thirds (67%) said they would consider 100% electric and plug-in hybrid vehicles with lower whole-life costs than petrol and diesel equivalents.

The research also revealed that UK companies already using electric vehicles for business operations were more than 2.5 times as likely to offer them to employees as company cars, and that whole-life cost figures (sourced from Lex Autolease) bore out the long-term savings of plug-in vehicles, including a 70% reduction in SMR costs.

“Cost savings are a top priority for companies of all sizes. So, fleet operators from both SMEs and large companies that look beyond a vehicle’s initial purchase price or monthly rental, stand to save their companies thousands of pounds every year,” said Poppy Welch, head of Go Ultra Low (pictured, left). LtoR Poppy Welch, Head of Go Ultra Low_with_Rt Hon Claire Perry MP, Minister of State, Department for Business, Energy and Industrial Strategy

“Electric vehicles can return significant operational savings – just one electric car or van could save SMEs up to £1,440 annually. With an ever-increasing number of plug-in models now available, it’s even easier for businesses to identify an ultra low emission vehicle that suits their needs.”