Why EV Cars Are the Best Choice for Car Rental for Business

In today’s world, where sustainability and environmental awareness are global trends, organizations are finding ways to reduce their environmental impact. One effective solution for businesses looking to embrace sustainability is EV car rental for businesses. This approach offers numerous benefits, making it an excellent alternative to traditional combustion-engine vehicles for business operations.

Why Choose EV Cars for Business?

1. Long-Term Cost Savings

Opting for EV car rental for businesses can significantly reduce energy costs compared to internal combustion engine vehicles. For example, a medium-sized organization that uses cars for approximately 50,000 kilometers per year can save a substantial amount, as shown below:

Gasoline Car Example

1. Basic Info:  
    • Medium-sized car with a fuel efficiency of 12 km/L.
    • Gasoline price: 45 THB/L. (95 octane gasoline price)

2. Calculation: 
    • 100 km requires 12 liters of gasoline.
    • 50,000 km requires: (50,000×12)÷100=6,000(50,000 \times 12) ÷ 100 = 6,000(50,000×12)÷100=6,000 liters. 
    • Annual fuel cost: 6,000×45=270,0006,000 \times 45 = 270,0006,000×45=270,000 THB.

EV Car Example

1. Basic Info:
    • Energy consumption of 15 kWh/100 km (Average mid-range EV) 
    • Electricity cost: 4 THB/kWh. (Average electricity rate for household use)

2. Calculation: 
    • 100 km requires 15 kWh.
    • 50,000 km requires: (50,000×15)÷100=7,500(50,000 \times 15) ÷ 100 = 7,500(50,000×15)÷100=7,500 kWh.
    • Annual electricity cost: 7,500×4=30,0007,500 \times 4 = 30,0007,500×4=30,000 THB.

Summary of Energy Costs

• Gasoline car: 270,000 THB/year.
• EV car: 30,000 THB/year.
• Savings: 240,000 THB/year (~88.89%).

Note: These calculations are estimates based on:

• Current average gasoline and electricity prices.
• Typical energy consumption of medium-sized vehicles.
• An annual mileage of 50,000 km for corporate use.

Actual figures may vary depending on vehicle model, driving habits, traffic conditions, and fluctuating energy costs.

2. Enhanced Corporate Image

Incorporating EV cars into your business fleet demonstrates environmental responsibility and a commitment to sustainability. This can positively impact your organization’s reputation among clients and business partners. Companies showcasing environmental awareness are more likely to attract eco-conscious customers and can use sustainability as a sustainable selling point, setting themselves apart in a competitive market.

3. ESG Benefits and Carbon Credits

Many companies now prioritize ESG (Environmental, Social, and Governance) practices as a measure of sustainable business operations. Using EV car rentals for corporate purposes helps reduce greenhouse gas emissions, supporting ESG goals. Additionally, organizations can accumulate carbon credits, which can serve as valuable assets or help reduce taxes under government policies.

Guide to Choosing EV Car Rentals for Corporate Use

Analyze Usage Patterns

Understanding your organization’s car usage is crucial when selecting the type and model of an EV car. Before signing a contract with a car rental company, consider:

• Will the car be used for short or long distances?
• How frequently will the car be needed?

For short distances or urban use, smaller and more affordable EVs may suffice. For longer trips, choose cars with higher driving ranges per charge to reduce charging frequency.

Budget and Costs

When selecting an EV car rental for business, consider your budget to ensure the car type and model align with your financial plan. Some car rental companies offer packages covering maintenance costs and additional services, making it easier for organizations to manage expenses. 

Infrastructure Readiness

Implementing EVs in your business requires infrastructure considerations, such as charging stations. Installing chargers at your workplace ensures convenience for employees too. Cars supporting DC Fast Charging can reduce charging times but may involve higher installation costs. Ensure your building's power system can handle the additional load.

EVme provides comprehensive EV car rental for corporate solutions, catering to all operational needs with a wide selection of EV models. We assist in efficiently managing your organization’s EV fleet, offering expert guidance and charging station installation services. Interested organizations can fill out a form on our website for more information or browse the EV models available through the EVme app, which is free to download on both iOS and Android.

References

1. Benefits of electric vehicles for you and your business. Retrieved November 5, 2024, from https://www.hwca.com/accountants-chester/opinion/benefits-of-electric-vehicles-for-you-and-your-business/