As the shift towards electric vehicles (EVs) gains momentum, businesses and consumers are increasingly exploring the financial benefits of transitioning from internal combustion engine (ICE) vehicles to EVs. One of the most compelling factors is the significant reduction in servicing, maintenance, and repair (SMR) costs for EVs. Recent studies reveal that the repair costs for EVs are nearly half those of ICE vehicles by the third year of ownership, showcasing a major advantage of going electric. This cost efficiency is a key driver behind the growing popularity of EVs across the UK and beyond.
The Cost Difference: EVs vs. ICE Vehicles
The cost savings associated with EVs are becoming increasingly apparent as more data becomes available. According to research by Fleet News, by the third year of ownership, the SMR costs for EVs are nearly 50% lower than those of ICE vehicles. This is largely due to the fundamental differences in the mechanics of EVs compared to traditional vehicles. EVs have fewer moving parts. Thgere’s no need for oil changes, and less wear and tear on components like brakes, thanks to regenerative braking systems.
Specifically, the average SMR cost for an EV by the third year is around £1,100, compared to £2,200 for an ICE vehicle. This reduction in repair costs for EVs can be attributed to the simpler design and fewer mechanical issues in EVs. Leading to less frequent and less costly maintenance requirements.
Why Are EV SMR Costs Lower?
Several factors contribute to the lower repair costs for EVs:
- Fewer Components: EVs lack many of the parts found in ICE vehicles, such as exhaust systems, fuel injectors, and catalytic converters. The absence of these components means there are fewer parts that can wear out or require replacement.
- Less Fluid Maintenance: EVs do not require oil changes or transmission fluid replacements, which are standard maintenance items for ICE vehicles. This significantly reduces routine maintenance costs.
- Regenerative Braking: EVs use regenerative braking to recapture energy and reduce wear on brake pads. This leads to less frequent brake replacements and lower associated costs.
- Simplified Systems: The electrical systems in EVs are simpler and more reliable than the complex mechanical systems in ICE vehicles. This simplicity translates to fewer mechanical failures and lower repair costs for EVs.
The Long-Term Benefits of Switching to EVs
The reduced repair costs for EVS are just one of the many benefits of switching to an EV. As the UK continues to push towards net-zero emissions, adopting electric vehicles is becoming an essential step for businesses and individuals alike. Not only do EVs offer significant cost savings over time. They also contribute to a cleaner, more sustainable future.
In addition to lower SMR costs, EVs offer benefits such as reduced fuel costs, access to government incentives, and exemptions from congestion charges in certain areas. As charging infrastructure continues to improve and battery technology advances, the case for switching to an EV becomes even more compelling.
EVision Electric Vehicles: A Convenient and Cost-Effective Solution
As more businesses and individuals consider the switch to electric vehicles, EVision Electric Vehicles offers a seamless and flexible solution for those looking to explore the benefits of EVs, without the long-term commitment of ownership. EVision provides both short and long-term rental options. Making it easier than ever to experience the advantages of driving an electric vehicle. Whether you wish to hire for one day to test out an electric vehicle, or want to hire for three years, we’ve got you covered.
With five UK collection points in Kent, Devon, Durham, Yorkshire, and Glasgow, EVision ensures convenient access to a wide range of electric vehicles. For added flexibility, EVision also offers UK delivery on all rentals. Allowing customers to enjoy the convenience of having their chosen EV delivered directly to their doorstep.
If you want to save even more money, then EVision may be your answer. Did you know that we also cover all maintenance and service costs, including tyre wear. So you’re ready to hire, but which vehicles are available?
Which Electric Vehicles Are Available to Hire from EVision?
EVision boasts an impressive fleet of over 2,000 electric vehicles available for hire, catering to a variety of needs and preferences. Among the popular models in our fleet are:
Kia EV6:
The Kia EV6 is a stylish and versatile electric SUV that stands out as a top choice for both business and personal use. Thanks to its blend of advanced technology, impressive range, and luxurious comfort. This all-electric crossover offers a driving range of up to 255 miles on a single charge. Making it ideal for long journeys or daily commutes without the frequent need for recharging. Whether you’re looking to reduce your carbon footprint or simply want to enjoy the benefits of driving an innovative and high-performing electric vehicle, the Kia EV6 is an excellent choice. This EV offers the perfect balance of style, practicality, and cutting-edge technology.
Vauxhall Combo-e Van:
Perfect for businesses, the Vauxhall Combo-e Van combines practicality with efficiency, offering a versatile solution for a wide range of commercial needs. With a fully electric powertrain, the Combo-e delivers an impressive range of up to 145 miles on a single charge. Making it well-suited for daily urban deliveries and short to medium-distance trips. This van ensures that your business can operate sustainably without compromising on performance.
Porsche Taycan:
The Porsche Taycan 4S is a marvel of modern engineering. Blending the iconic design and craftsmanship of Porsche with cutting-edge electric vehicle technology. This high-performance sports car is not just about speed; it’s a statement of sophistication and innovation. For those who desire a vehicle that embodies the future of automotive luxury and performance, the Porsche Taycan 4S is the ultimate choice. Whether you’re making a grand entrance or enjoying a spirited drive, the Taycan 4S ensures that you do so with unmatched style, power, and environmental consciousness.
BMW i3:
The BMW i3 stands out as a compact and eco-friendly electric vehicle, perfectly suited for urban environments. Its distinctive design, with a sleek and modern aesthetic, sets it apart from other electric vehicles, making it a popular choice among city residents. The i3 is not just about looks. Its nimble handling makes navigating through congested streets and tight parking spaces a breeze. This agility, combined with its compact size, ensures that drivers can manoeuvre effortlessly, even in the most challenging city conditions.
Whether you’re looking for a practical van, a family-friendly SUV, or a high-performance sports car, EVision Electric Vehicles has an option to suit your needs. View our full list of electric vehicles for hire here.
Save on Maintenance, Servicing and Repair Costs for EVs with EVision
If you’re tired of the high servicing, maintenance, and repair costs associated with your internal combustion engine (ICE) cars, it’s time to make the switch to electric vehicles with EVision. Not only do EVs offer significant savings on upkeep, but they also provide a smoother, quieter, and more environmentally friendly driving experience. With convenient collection points and delivery options, booking is easy, just call 01634 914063, email, or book directly through our website.
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All information correct as of: 27th August 2024.
