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Electrification of corporate fleets: how profitable are electric cars?

Electrification of corporate fleets: how profitable are electric cars?

BD
Bertrand Deguerne
Bertrand Deguerne
 ・ 
profitability of electric cars in commercial fleets

The transition to electric cars is not only a response to environmental challenges, it also represents a strategic reflection on long-term profitability and corporate image. This article examines the various aspects that make the adoption of electric vehicles an economically viable and strategically advantageous option for professionals, fleet managers and corporate parking lot owners. Initial costs, operational savings, tax advantages, available subsidies, the impact of vehicle autonomy and recharging infrastructures - let's take a look at the key factors that contribute to the profitability of electric cars in professional fleets. business fleets.

Demystifying start-up costs: a strategic investment

The adoption of electric vehicles within a corporate fleet is accompanied by initial financial considerations that play a crucial role in assessing profitability. These costs fall into two main categories: the purchase price of the electric car, and the investment required to install charging infrastructure.

Purchase price and tax incentives

The purchase price of electric cars, although generally higher than that of combustion vehicles, is largely offset by a range of tax incentives and government subsidies. In France, for example, the ecological bonus can significantly reduce the acquisition cost of a new electric vehicle. What's more, some regions offer additional subsidies to encourage companies to opt for sustainable mobility solutions. These incentives, coupled with advantageous leasing agreements and tailored financing options, make the purchase of electric cars increasingly accessible to companies of all sizes.

Installation of charging infrastructure

One of the most important aspects of the transition to electric vehicles is the installation of suitable charging infrastructures. This involves not only the purchase of charging stations, but also the cost associated with installation and integration into existing sites. Despite this initial investment, a number of factors help to mitigate the financial impact. These include subsidies dedicated to the installation of charging stations in companies, the possibility of partnerships with energy suppliers or charging specialists, and the long-term savings arising from the use of an energy source that is less costly than traditional fuels. In addition, these infrastructures can become an asset, increasing the real estate value of equipped sites and offering potential additional income if they are accessible to the public.

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Comparison of expenses between electric and internal combustion vehicles

When it comes to assessing the profitability of a vehicle for a company, a direct comparison of the costs associated with electric and internal combustion (petrol and diesel) vehicles is essential. This analysis highlights the potential savings and expenses specific to each type of motorization.

Acquisition and ownership costs

As we have seen, the initial purchase cost of an electric vehicle can be higher than that of a combustion vehicle, mainly due to the high cost of the battery. However, this price difference tends to diminish with technological evolution and larger-scale production. For example, while an electric vehicle can cost around 10,000 euros more to buy than a comparable internal combustion model, tax incentives and purchase subsidies can considerably reduce this gap.

Energy costs: electricity vs petrol/diesel

The cost of "refueling" an electric vehicle with electricity is significantly lower than that of filling a petrol or diesel tank. For example, to travel 100 km, an electric vehicle requires around 15 kWh of electricity, which costs an average of 3 euros (at 0.20 euro per kWh) on site. By comparison, a combustion vehicle consuming 6 liters per 100 km with fuel at 1.5 euros per liter would cost 9 euros for the same distance.

Care and durability

Maintaining an electric vehicle is generally less expensive than that of a combustion engine vehicle, due to the simplicity of its mechanics and the absence of many common components (filters, engine oil, exhaust system, etc.). Estimates indicate that maintenance costs for an electric vehicle can be reduced by up to 50% compared with a diesel or petrol vehicle. What's more, the longer lifespan of certain components, such as the battery, which comes with a warranty of up to 8 years, boosts the long-term profitability of electric vehicles.

These data illustrate that, despite a potentially higher purchase cost, electric vehicles can become more profitable over time, thanks to lower operating and maintenance costs. This financial comparison is a key factor for companies considering the switch to electromobility as part of their fleet.

Boost profitability with financial incentives: subsidies and tax breaks

The transition to electric cars is encouraged by a range of tax benefits and subsidies designed to reduce initial and operational costs for businesses. These financial incentives are crucial to improving the overall profitability of electric vehicles in a business context.

Ecological bonus and other government aid

The ecological bonus is a direct subsidy for the purchase or lease of new electric vehicles, the amount of which can vary according to criteria defined by the State, such as purchase price or CO2 emissions. In addition to the ecological bonus, other subsidies may be available at regional or local level, offering even more favorable conditions for companies investing in electromobility. These government subsidies are regularly updated and can significantly reduce the cost of acquiring an electric car.

Tax breaks and benefits for businesses

In addition to purchase subsidies, companies benefit from tax breaks and other advantages linked to the use of an electric car. For example, VAT on the purchase, rental and use of electric vehicles can be reclaimed under certain conditions. What's more, electric vehicles are often eligible for exemptions or reductions in company vehicle tax (TVS), easing the tax burden on businesses. These tax incentives, such as the ADVENIR bonus, combined with savings on operating costs, make investment in electric vehicles increasingly attractive to fleet managers and business owners.

These tax benefits and subsidies play a key role in the economic equation of corporate electromobility, easing the initial cost and contributing to increased profitability over the long term. By informing themselves and taking advantage of these financial incentives, companies can optimize their investment in electric vehicles, while aligning themselves with sustainable development objectives.

cost-effectiveness of electric cars and recharging

Impact of range and charging infrastructure

One of the main challenges of electric mobility in the workplace lies in managing the range of an electric car and access to recharging infrastructures. These are crucial factors in ensuring continuity of operations and optimizing the use of electric vehicles in business fleets.

Evolution of battery life

The range of electric vehicles has increased considerably in recent years, thanks to advances in battery technology. This evolution makes electric vehicles increasingly suitable for business needs, including intensive use and long distances. It is important for fleet managers to fully understand the capabilities and limitations of the various electric vehicle models, in order to align them with the specific requirements of their business.

Expanding the network of charging stations

The availability and accessibility of charging stations are essential to effectively integrate electric vehicles into corporate fleets. The development of workplace charging infrastructures, as well as access to a dense public charging network, are crucial to minimizing downtime and optimizing the use of electric cars. Companies can also consider partnerships with recharging service providers or invest in their own recharging solutions, particularly to meet specific needs in terms of recharging power and speed.

These considerations about range and charging infrastructure are fundamental to ensuring a successful transition to electromobility in the workplace. They require strategic planning and ongoing adaptation to technological developments and new opportunities in the electric charging market. By taking these aspects into account, companies can maximize the benefits of integrating electric vehicles into their fleets, while ensuring sustainable, efficient mobility.

Towards an electric future: challenges and horizons for businesses

The transition to electric cars represents a major strategic opportunity for companies, offering not only a response to environmental issues, but also a route to increased profitability. Initial cost analyses, operational savings, tax benefits and subsidies, as well as adaptation to specific needs in terms of range and recharging infrastructure, all underline the viability and benefits of electric fleets for businesses.

The key benefits of electromobility for businesses: a profitable revolution

The profitability of electric cars for businesses is based on a combination of reduced operating costs, attractive tax incentives and enhanced brand image. At the same time, the commitment to electric mobility aligns with sustainable development objectives and meets the growing expectations of consumers and business partners in terms of environmental responsibility.

Anticipating developments in the electromobility market

The electromobility market is booming, driven by ongoing innovations in battery technology, the extension of charging networks and changes in regulations favoring low-emission cars. Companies that anticipate and adapt to these developments will not only be able to optimize their investment in an electric vehicle, but also position themselves as leaders in the energy transition of the transport sector.

The adoption of electric cars by companies is not only an ethical decision, it also makes good business sense. By keeping abreast of the latest trends and adopting a proactive approach, companies can transform their vehicle fleet into a major strategic asset, contributing to both their economic performance and their social responsibility.

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