Getting your business EV ready
Beyond the vehicle
Here, we look at how fleet decision-makers can manage this transition to electric vehicles. From long-term planning to stakeholder engagement and fleet policy changes, its more straightforward than you might think.
Plan for the long-term
When electrifying your fleet, putting in place a long-term plan flexible enough to meet your short-term, changing needs is important. Achieve this and your electrification strategy will deliver today and in future.
Managing every stakeholder
Electrification has the potential to involve many business stakeholders – internal and external. It’s crucial you consider these parties and how they might be affected to ensure a smooth transition to EVs.
Updating fleet policies
Moving from ICE to EV will necessitate changes to existing fleet policies. Focus on the following areas:
Tax benefits, grants and incentives
The government offers two schemes for businesses to encourage the uptake of electric vehicles. These are the EV Infrastructure Grant and the Workplace Charging Scheme.
As charging infrastructure can be expensive, these can reduce the upfront costs of transitioning to EVs. You can find more information about both of these schemes online.
Fully electric vehicles qualify for just 2% Benefit-in-Kind (BiK) in 2024/25. This rises by 1% each year until 2028/29 when it reaches 7% before increasing to 9% in 2029/30. Attractive BiK means lower costs for drivers in the form of company car tax.
The evolution of fleet management
The transition to EVs opens up new considerations. Along with choosing vehicles based on their capabilities, energy, taxation, sustainability, scope emissions and stakeholder management all come into play.
Sustainability
How do EVs interact with your organisation’s sustainability strategy? Generally, businesses measure and report emissions using the Greenhouse Gas Protocol, which breaks them down into three areas:
Scope 1
Direct emissions from sources owned or controlled by the business. EVs can reduce or even eliminate transport-related emissions under Scope 1.
Scope 2
Indirect emissions from the generation of purchased electricity and heating. Charging EVs with 100% renewable energy can make EVs truly ‘zero-emission’ vehicles.
Scope 3
Indirect emissions upstream or downstream of your business’s operations. For example, EVs certified as carbon-neutral on delivery can reduce your Scope 3 emissions.
Energy
As well as how ‘green’ your electricity is, you’ll need to understand your workplace’s power supply, consumption and available power capacity. This will determine your charging infrastructure strategy.
Facilities
You may need to work with your site’s facilities team or landlord to understand building regulations and planning permissions before advancing your charging infrastructure plans.