A Look at Electric Cars for our Leasing Customers.
With the growing demand for oil from developing countries and the natural oil supplies running out BP have estimated there are 1,687.9 billion barrels of oil left, it may sound like a lot but with current consumption that will only last around 53 years. With the countdown to an oil free existence underway will we all go electric? ……. At Rivervale we’ve decided to have a look for all our leasing customers ……
There is always news surrounding electric cars, the latest report by the RAC found that only 5% of car buyers would consider a buying an electric car and 56 % admitted they had not even considered an electric car when their current car needs replacing. It seems popularity is increasing though as The Green Car Website reports registration of 2,558 fully electric cars from January to June this year compared to only 1,049 in this period 2013. Tesla Motors have even gone as far as sharing all their electric vehicle knowledge in June this year to encourage other manufacturers to expand into electric vehicles…..
So why aren’t we all going green and thinking electric?
Expense is a worry, it costs more to buy an electric vehicle even with a government grant and in the news recently it’s been suggested it would cost more to run an electric vehicle. After April this year the government stopped funding charging points leaving providers to cover the costs themselves, which means users end up paying more. Chargemaster have 10,000 stations across the UK and costs are around £7.50 for a 30 minute charge which will give you a driving distance of around 64 miles. When you compare this to an average gallon of eco diesel which costs around £6.30 and will give you a driving distance of about 60 miles it seems you will be paying £1.20 more to go green. These figures are based entirely on public charging stations when in reality Transport Evolved found 98% of electric car owners charge their vehicles overnight on a cheap domestic tariff, so you can save if you plan when to charge!
Driving long distances is another concern people have with electric cars. On average you can travel 100 miles before needing to charge up. But fear not you will not be stranded charging firm Pod Point sent a Renault Zoe around the UK last month from Lands’ End to John O’Groats and relied on public charging points on the 17 day adventure. When they considered the costs of a standard vehicle including fuel, road tax and congestion charges they found on this trip they saved £590 by going electric!
So you could save money and make a long distance trip, maybe we should all throw caution to the wind and go electric! You may be surprised by the large range of electric vehicles already on the market; here at Rivervale leasing we have many electric vehicles for personal and business lease you may want to consider trying out;
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The comments above do not necessarily reflect Rivervale's views unless clearly stated.
10 July 2014
Written by Rivervale