Capital savings from switching to electric vans

Figures from the Energy Saving Trust reveal that London businesses could save a cumulative £200 million a year if just 10% of vans registered in the capital went electric

Analysis of business fleets by the trust found that switching to electric vehicles could cut fuel costs by up to 75%.

Additional savings come from 100% capital allowances, the plug-in vehicle grant and exemption from congestion charge in central London. Savings on the congestion charge alone equate to around £2,200 a year per van, says the trust.

“There is a strong business case for the adoption of electric vehicles,” said the trust’s knowledge manager, Caroline Watson. “The financial benefits of going electric are clear and relevant to all businesses, whether you’re in the private or public sector or an SME or a larger organisation.”