EV Fleet Vehicles in Canada: The right choice for your business
Are you considering EV fleet vehicles for your Canadian fleet? You’re not alone - more and more fleet managers and owners across the country are introducing electric vehicles into their fleets. From increased accessibility to lower operating costs, an EV fleet has never been easier or more beneficial to acquire.
Kia's EV Experience Centre
Kia is committed to a sustainable future and to inspiring business growth through forward-thinking and environmentally-conscious mobility options. To help fleet managers and consumers better understand the EV space, Kia has developed a one-of-a-kind EV Experience Centre.
Located in Vancouver, BC, the Kia Electric Vehicle Experience Centre (EVEC) offers a hands-on environment in which fleet managers and owners can learn in-depth about electric transportation.
Kia’s EV Experience Centre is all about education. You can visit the Kia Electric Vehicle Experience Centre to learn more about Kia EV options, the benefits that EV fleet vehicles can offer your business, how to introduce electric vehicles into your fleet, and what government rebates and incentives are available. Best of all, Kia EV experts are there to answer all of your questions, so you can get the answers you need without feeling pressured to buy.
Now, let’s take a look at some of the reasons why EV fleet vehicles are such a great option in Canada.
Do electric vehicles make good fleet vehicles?
Before introducing EVs into their fleet, many fleet owners and managers ask - do electric vehicles make good fleet vehicles?
The answer is yes. EV fleet vehicles offer several advantages over traditional gas-powered fleets. Not only are electric vehicles safe, efficient, and comfortable to drive, they also provide cost savings. In particular, electric vehicles can significantly help reduce fleet total cost of ownership (TCO).
Let’s take a look at how EV fleet vehicles can help reduce TCO and the overall benefits of electrifying your fleet.
The Value of EV Fleet Vehicles
There are many great reasons to electrify your fleet. First and foremost, adopting vehicles that use this alternative power source helps to protect people and the planet, ensuring a sustainable future for all. Introducing EV fleet vehicles into your fleet will also help your business express its focus on corporate sustainability, allowing you to create long-term value for your clients, customers, and community. One of the most enticing benefits of electrifying a fleet, however, is the cost savings that are provided. Overall, electrification will improve your bottom line by positively impacting people, the planet and your profits – a triple win!
How does an electric vehicle lower fleet TCO?
TCO includes common expenses like operating costs and maintenance, as well as often overlooked aspects like downtime. Some of the most impactful costs savings that will result from having EVs in your fleet include the following.
Reduced Fuel Costs
One of the biggest expenses for any fleet is fuel. With the help of EV fleet vehicles, you can eliminate the need for fuel and take advantage of a much cleaner and cheaper source of energy. Although electricity isn’t free, it is less expensive than gas or diesel.
Optimization Through Smart Technology
Advanced technology can help to further reduce energy consumption costs. For instance, EV charging stations can be connected to telematics systems that help to optimize charging and power usage. As a result, fleet managers can further reduce energy costs.
Lower Maintenance Costs
As a result of having fewer moving parts, EVs have significantly lower maintenance costs than gas-powered vehicles. Electric vehicles do not require oil changes or other repairs related to a gas engine. In addition, fewer moving parts means electric fleet vehicles often have a longer-term of service.
Less maintenance means minimal downtime. Therefore, a fleet of electric vehicles will be on the road more often, for increased productivity.
There are currently two incentives offered by the Government of Canada to help promote the use of EV fleet vehicles.
- Rebate - under the Incentives for Zero-Emission Vehicles (iZEV) Program, fleet owners can receive up to $5,000 back on eligible zero-emission vehicles.
- Tax write-offs - businesses that purchase electric fleet vehicles can write off up to 100% of the cost of the vehicle.
With the help of these incentives, you can lower the cost of acquisition for your fleet, further reducing TCO. In fact, according to Geotab, fleet managers can save up to $6,000 per vehicle in just seven years with the help of these incentives.
Lower Insurance Premiums
EV fleet vehicles also often attract lower insurance premiums than their gas-powered counterparts. In fact, several companies offer discounted insurance rates for electric vehicles.
As a result of the cost-saving advantages discussed above, electric vehicles offer fleet managers a significant opportunity to reduce costs and increase profits. According to McKinsey & Company, it is estimated that by 2030 EV fleet vehicles will offer total cost of ownership that is 15% to 25% less than gas-powered fleet vehicles.
To determine how much you can save by going electric, be sure to calculate total cost of ownership for your current fleet. Want to learn more about reducing fleet TCO? Reach out to our Kia Fleet experts for strategies that are tailored to your business.
What businesses will benefit from EV fleet vehicles?
A recent study conducted by Geotab found that, with the help of government rebates, up to 95% of all fleets can benefit from acquiring electric vehicles. Some industries and businesses that would greatly benefit from an electrified fleet include:
- Transportation companies
- Food and product delivery services
- Telecommunication companies
If your business requires reliable transportation, EVs can help you reduce costs and increase profits.
Benefit from Clean Energy with the Help of Kia EV Fleet Vehicles
Our Kia Fleet experts are here to help – Contact Us
In addition to the many benefits offered by electric vehicles, a Kia EV fleet provides extreme efficiency, longer maintenance intervals, improved productivity, and a lower fleet total cost of ownership.
Your dedicated fleet manager will help you choose the right EV fleet vehicles for your business and ensure you have all the details you need to take advantage of the cost savings provided by EVs.
Get started by contacting our fleet experts today!