The trend towards electrification in business transport is gaining momentum, as highlighted by a new report from Allstar, a leading firm in EV fuel and business expense payments. The AllCosts report, which analyzes data from millions of transactions across the Allstar fuel card network, reveals several key insights into the growing adoption of electric vehicles (EVs) among businesses.
One of the standout findings is the dramatic increase in the use of public EV chargers by Allstar customers, which has surged by 264% year-on-year. Additionally, there has been a notable rise in home charging, with electric business drivers plugging in 113% more frequently from the comfort of their own homes.
Despite the recent volatility in energy prices, the cost of home charging has remained stable, with the average tariff holding steady at 28p per kWh over the past three months. Conversely, the cost of using public chargers has risen, with drivers now paying an average of 82p per kWh, up 12p from the previous quarter.
Corporate fleets are at the forefront of this electrification trend, utilizing public and home charging more extensively than any other business size. Currently, 36% of drivers have a card for public charging, while 21% also charge their vehicles at home.
Ashley Tate, MD of Allstar Chargepass UK, provided additional insights: “The AllCosts report paints an interesting picture of the needs and wants of business drivers across the UK. Despite some having the perception that there are not enough chargers around the region, or a lack of accessibility, public charger use is up more than twice as much as the same time 12 months ago.
“We know that EV adoption has slowed in some areas, but businesses continue to turn to electric vehicles for their fleet operations.
“It is also important to look at the type of charging that the report represents, with recharging being significantly cheaper to do at home. But for those that are out and about and need to plug in, it seems that drivers and their businesses are happy to pay more if charging speeds are faster and downtime is minimised.”
The AllCosts report underscores the ongoing shift towards electric vehicles in the business sector, highlighting the balance between cost, convenience, and the growing infrastructure to support this transition. As more businesses adopt EVs for their fleet operations, the demand for efficient and accessible charging solutions will continue to rise, shaping the future of business transport.
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