Eight reasons why electric vehicles are the future

Falling battery costs, rapid charging networks, and zero-emissions zones are some of the reasons why electric vehicles are destined to take off, writes EV blogger Rebecca Hill

1. Plummeting battery prices

Research by Bloomberg New Energy Finance indicates that in the 2020s, EVs will become a more economical option than petrol and diesel vehicles, largely due to massive reductions in the cost of batteries over the next few years. Sales forecasts from the same research predict electric vehicles will make up 35 per cent of new car sales by 2040.

2. More charge stations

One of the biggest barriers to wider EV use has been the lack of charging stations, resulting in ‘range anxiety’. But with a growing network of ultra fast charging stations, as well as charge points becoming more available at workplaces, universities, residential streets, train stations, and petrol stations, this anxiety will soon end.

3. EV lifetime cost effectiveness

Research suggests that car buyers are looking for short payback periods, meaning that they value up-front expenses much more than running expenses that they heavily discount. In other words, they are interested in payback periods of about four years. But with the cost of EVs coming down and their lifetime of over 20 years, they are likely to become the new favourite.

4. Ultra low emission zones (ULEZs)

Designated ULEZ have restricted the use of petrol and diesel vehicles in more than 255 cities around the world. Motorists can drive only low or zero-emission vehicles in these zones.

5. Battery Technology

New technology is not only reducing the cost and charging times of EV batteries, but also extending the average range per charge, making range anxiety a thing of the past.

6. Growing commercial use of EVs

As nations continue to address carbon emissions that are contributing to climate change, their focus will be more centred on the transportation sector as the biggest cause of pollution. The likely solution is embracing vehicle electrification with fleet operators taking action to decarbonise the transport sector.

7. Battery Swapping

This is the EV version of filling up a fuel tank. Tesla plans on including battery swapping at their charge stations in the near future. The process of swapping a battery has been reduced to under five minutes.

8. Second life batteries

Creating new grid energy technology will soon allow for EV batteries to store energy produced by solar wind power. This will save consumers money on charging fees, and help the environment since these energy sources are renewable.

Telematics generates vast amounts of data which needs to be digested and acted on if any benefits are to be realised. But how well are fleets using data? And do companies have a moral and legal obligation to act on reports of bad driving? We ask our telematics experts

Meet our new leasing experts, who in this first discussion, examine how new challenges such as Brexit, air quality and policy changes are affecting fleet managers

In the first of a new panel discussion, we ask our experts their views on how telematics have shaped and driven change within the fleet management profession, and why reluctance to use fleet technology still exists within some organisations

GreenFleet Expert Panel - Leasing

Can it pay to think differently about the way we travel? Our expert panelists examine how the new concept of ‘mobility’ is impacting the fleet sector

Expert Panel

Following the launch of the Department of Transport’s consultation into making charge points more accessible, GreenFleet’s expert panelists give their views on the key factors that will shape the electric vehicle market’s development in the near future.

GreenFleet Expert Panel - Leasing

How can leasing and contract hire firms help with the wider role of fleet management? And what role does the industry play in driving down emissions? We ask our new expert panel for their views.

Expert Panel - Telematics

Our telematics expert panelists share their thoughts on how technology has helped drive down road emissions, how telematics grows the appeal of electric vehicles, and how autonomous vehicles could benefit fleets in the future.

Expert Panel - Electric Fleets

GreenFleet taps into the minds of its expert panel to assess the place of electric vehicles in company car fleets and what the major barriers to adoption will be moving forward.

GreenFleet Expert Panel - Connectivity

Technology is changing the way we travel. GreenFleet quizzes its telematics expert panel on how connectivity is facilitating new mobility trends, aiding fleet management, and reducing CO2 emissions.

Expert Panel: Charging Infrastructure

Electric vehicles continue to go from strength to strength with manufacturers seeing record sales thus far in 2016. GreenFleet and its panel of experts evaluate how well-equipped the UK’s charging infrastructure is to support greater uptake.

Peugeot 3008 GT-Line BlueHDi 120

Peugeot has re-invented its people-carrying 3008 model, turning it from MPV to SUV. More stylish than before and with more upmarket aspirations, how does it face up to its new competition?

2017 Toyota RAV4 Hybrid Excel AWD 2.5L CVT TSS

On-paper, Toyota’s high-riding RAV 4 SUV now offers potential fuel and cost-saving benefits of a hybrid powertrain for the first time. How does it measure up in the real-world? Richard Gooding reports

2017 Renault Zoe Dynamique R90 Z.E. 40

The Renault Zoe is the most popular electric vehicle in Europe, and a new version with a larger-capacity 41kWh battery is now available. Richard Gooding finds out what other benefits 
the revised Zoe has, aside from a longer 250-mile range

sgfleet are a successful global business operating a fleet of 135,000 vehicles.