Cost savings associated with running an electric van have been outlined in a new report.
‘Electrifying the fleet. A practical resource for fleet managers’ has been published by renewable energy organisation the REA and the Energy Saving Trust.
Developed by the REA’s HGV and Commercial Fleet working group, the report provides fleet managers with a detailed roadmap to successfully electrify their fleets.
Among its findings is that fleets can expect to save around £1,500 a year per LCV driving 15,000 miles, on condition that depot or home charging is used.
The report also emphasises the benefits of smart charging, which it says can significantly reduce costs by enabling fleet managers to schedule charging during off-peak times when electricity prices are lower.
REA transport policy manager Matt Adams said: “The REA, with its diverse membership, is uniquely positioned to take an authoritative stance on fleet electrification.
“This resource provides a proven, well-managed process for fleet managers considering electrification, offering significant savings on fuel costs and helping fleets achieve their ESG targets.”
Energy Saving Trust senior programme manager Nick Harvey said: “Electrifying fleets not only contributes to a more sustainable future but also offers potential financial benefits.
“Our collaboration with the REA on this resource highlights that fleet managers can achieve significant cost savings – up to £1,500 annually per light commercial vehicle and approximately £3,500 per rigid HGV. These estimated savings support the economic viability of transitioning to electric vehicles and the efficiency gains that can be realised.
“We are proud to support this initiative, providing fleet managers with the insights they need to make informed, cost-effective fleet decarbonisation decisions.”
