What are the benefits of electric vehicles for companies? The electric car is a reality, and companies are becoming increasingly aware of sustainable mobility. Does this apply to you?
“It’s time for electric mobility”, declared last year Arturo Pérez de Lucía, general manager at AEDIVE, the business association created in 2010 to promote electric vehicles. The year 2020 was going to be a turning point for sustainable mobility, and an increasing number of companies were considering the benefits of purchasing electric vehicles, but will the electric vehicle overcome the COVID-19 crisis?
“The main driver of demand for electric vehicles in Europe during the post-COVID-19 crisis will be the corporate channel“
Electric vehicle vs Covid-19
The answer can be found in a recent article published on the blog “Pásate a lo eléctrico”, a non-profit association whose aim is to defend and promote sustainable electric mobility. The article reports on a study carried out by the European Transport & Environment (T&E) agency, which comments that the main driver of the demand for electric vehicles in Europe during the post-COVID-19 crisis is likely to be the corporate channel, but it is very important to ensure that companies, both large and small, receive support to continue purchasing electric cars. Click to access the full study: Can electric cars beat the COVID Crunch?
At this point, considering that 57% of cars bought in Europe in 2019 (more than 9 million) were purchased through companies and corporations, what are the benefits of electric vehicles for companies?
Benefits of electric vehicles for companies
- Lower consumption
- Easier energy supplying
- Cost effective leasing prices: money savings.
- Longer battery life.
- Subsidies for purchase.
- Access to restricted areas and free parking in regulated areas.
- Reduction of the carbon footprint: 0 pollutant gas emissions.
- Zero noise pollution.
- Sustainable mobility: the SDG target.
- Corporate social responsibility.
“57% of cars bought in Europe in 2019 (more than 9 million) were purchased through companies and corporations“
Everything points to continue betting on electric vehicles, clarifying the great benefits of electric vehicles for companies. Moreover, the International Energy Agency (IEA) estimates that, by 2025, there will be around 50 million electric vehicles on the roads, in comparison to the current 2.5 million electric vehicles.
This number will increase to 300 million in 2040, according to a study published by IEA regarding the mobility of electric vehicles. Therefore, the importance of the electric vehicle will rise to a value of around 15% of the total number of cars in the world. This will double to 2 billion cars by 2040.
Within the context of the Spanish economy arising from the Covid-19 crisis, the Government has announced a financial aid plan for the automotive industry that amounts to a total of 3,750 million euros distributed between 2020 and 2021.
Within this budget, the largest amount will be allocated to research and development (R&D&I) activities, reaching an expected total of 415 million euros that will undoubtedly accelerate the sustainable development of the automotive sector in Spain. It should be noted that 25 million of this amount is to be allocated for innovation initiatives related to hydrogen, and 30 million euros will be allocated to industrial innovation projects in sustainable mobility (this includes the Singular Moves Plan)
Similarly, a total of 100 million euros will be exclusively allocated for the public procurement of innovation for mobility infrastructures. Another point that will certainly promote the development of charging infrastructures throughout the country, reinforcing the current situation with regard to the possibilities and locations for charging electric vehicles. A topic that we will address in our next post.
Finally, it should be noted that the government foresees a very interesting allocation of 200 million euros for the purchase of electric vehicles:
- 100 million euros in financial aid for the purchase of 100% electric propulsion cars.
- 100 million euros allocated to renewing the Administration’s vehicle fleet with models that are also 100% electric. For further information, click here.
The electric car is here to stay, but what has this evolution been like, what was it like before and what will it be like after it? All the details in our next post.
By Pedro José Agüera #IDEAteams