9 Dec 2024
Introducing electric vehicles (EVs) to your fleet
Thinking about introducing EVs into your fleet? Here’s why it's a good move.
At FleetPartners, we’re committed to helping business with fleet electrification and emissions reduction strategies. Through our partnerships with EV charging providers, we deliver integrated charging solutions, including access to public EV charging networks. Our comprehensive approach includes a detailed fleet electrification framework, charging policy workshops, support setting achievable emissions reduction targets, and helping you understand the true cost of transitioning to an electric fleet by calculating whole-of-life costs.
Why are businesses making the shift?
Fleet emissions are often the largest contributor to a company’s Scope 1 emissions. Transitioning to EVs is one of the most effective ways to reduce them.
In Australia, transport accounts for 21% of carbon emissions, according to the Department for Climate Change, Energy, the Environment and Water1. By replacing a suitable single internal combustion engine (ICE) with an EV, businesses could cut carbon emissions by up to 4 tonnes annually2 – making a significant impact over time.
EVs could also save your business money on multiple fronts: they typically have lower running and maintenance costs than ICE vehicles, and they may be eligible for a fringe benefits tax exemption*. This could lead to substantial savings if your fleet vehicles currently incur FBT. There’s also our 0.5% interest rate discount# on eligible electric vehicles.
There are three types of EVs your business can consider:
- Battery Electric Vehicles (BEVs): BEVs run entirely on electricity, using a battery to power an electric motor. They have no internal combustion engine or fuel tank.
- Plug-in Hybrid Electric Vehicles (PHEVs): PHEVs combine a traditional petrol or diesel engine with an electric motor and battery that can be charged via an external power source, at a person’s home or a charging station.
- Hybrid Electric Vehicles (HEVs): HEVs use both a petrol or diesel engine and an electric motor, but the battery is charged internally via regenerative braking and the engine. They cannot be charged externally.
We find hybrid vehicles are a great way to begin your fleet’s transition to a lower carbon emitting fleet solution. That’s because hybrid vehicles – which use both petrol and electricity – don’t require any changes in driver behaviour or investment in charging infrastructure. If you’re looking to reduce your fleet emissions further, we would recommend you consider PHEVs or BEVs.
How we can help
Our Sustainable Fleet Solutions team can assist with:
- fleet emissions analysis
- emissions reduction strategy development
- vehicle and charging recommendations
- driver policies and employee engagement
- insights and reporting
Let’s work together to transition your fleet to a suitable and sustainable zero- or low-emissions solution.
Get in touch with us today.
* The Electric Car Discount Act FBT-exemption is available on eligible vehicles only and will cease on PHEVs on 1 April 2025..
#The 0.5% interest rate discount is applied to the prevailing interest rates set by FleetPartners to calculate monthly lease rentals.
1. https://www.infrastructure.gov.au/infrastructure-transport-vehicles/towards-net-zero-transport-and-infrastructure
2. 2023 Australian National Greenhouse Accounts Factors applied to FleetPartners emissions calculations as at 10 December 2024.
Introducing electric vehicles (EVs) to your fleet
Jump start your sustainable vehicle journey