As per the memorandum on corporate environmental responsibility passed by India’s Ministry of Environment on 1st May 2018, corporate companies have been taking a significant shift towards sustainability and environmental responsibility. As part of the sustainability movement across the globe, the majority of companies, especially multi-national companies, who have a good footprint in India, are now exploring the adoption of electric vehicles (EVs) for their Employee Transportation needs. This transition not only aligns with eco-friendly initiatives but also offers a multitude of benefits for businesses including cost advantage. In this blog, we delve into five key benefits of switching to electric vehicles for Employee Transportation.
5 Benefits of Switching to Electric Vehicles
1) Enhanced Corporate Brand Image
Switching to electric vehicles for Employee transportation needs demonstrates a company's commitment to sustainability and corporate social responsibility (CSR). Such activities can boost the company's reputation and brand image among environmentally conscious consumers and stakeholders. For instance, multinational corporations like Google, Microsoft, and Apple have incorporated EV vehicles for their Employee transportation in India, as part of their sustainability strategies and ESG norms, earning acclaim for their environmentally friendly practices and contributing to positive brand perception.
2) Quiet and Comfortable Driving Experience
With the advancement of technology electric vehicles eliminate the noise pollution often associated with traditional gasoline-powered vehicles. By travelling with EV cars to the office Employees can have a peaceful and comfortable Travelling experience. This also leads to higher job satisfaction and retention rates.
3) Cost -Effective
When considering the higher purchase costs of EVs, going with a corporate car-rental company that has a significant EV fleet, is a wise strategy for employee transportation, to cut down on expenses. Electric vehicles offer lower operating and maintenance costs due to their fewer moving parts and lack of need for oil changes. Additionally, electricity is typically cheaper than gasoline or diesel, resulting in more affordable renting prices.
4) Technological Advancements
The rapid advancement of electric vehicle technology means that newer models offer improved performance and longer range. According to research by Bloom berg NEF (BNEF), the average range of electric vehicles has been steadily increasing, reaching over 400 kilometers. Additionally, advancements in fast-charging technology have significantly reduced charging times, making electric vehicles more convenient. By investing in electric vehicles for employee transportation, companies can stay ahead of the curve and benefit from the latest innovations in mobility.
5) Flexibility in Charging Options
Electric vehicles offer flexibility in charging options, allowing businesses to choose from a variety of charging solutions that best suit their needs. Research conducted by the International Energy Agency (IEA) indicates that the global electric vehicle charging infrastructure has been expanding rapidly, with over 1.2 million publicly accessible charging points available as of 2020.
This growth provides businesses with a wide array of charging options to accommodate their fleet operations efficiently. Whether installing charging stations at corporate headquarters, utilizing public charging infrastructure, or leveraging mobile charging services, companies can tailor their charging infrastructure.
Conclusion
The transition to electric vehicles for employee transportation offers a myriad of benefits, ranging from environmental sustainability and cost savings to enhanced corporate image and employee satisfaction.
As technology continues to evolve and governments prioritize sustainability, electric vehicles are poised to play a central role in shaping the future of transportation and business operations. By embracing this shift, companies can not only reduce their carbon footprint but also drive innovation and foster a more sustainable and prosperous future for all.
Contact us today to book your EV-based Employee Transportation Services (ETS)