Sustainability is something businesses must consider in their business practices as consumers are asking more from the businesses that they engage in. In fact, a survey done by Forbes sees 92% of consumers say they’re more likely to trust brands that are environmentally or socially conscious.
The Government has enacted the Singapore Green Plan, which looks to get cleaner-energy models and equipment to turn to for an environmentally friendly future by 2030.
As one of the largest commercial vehicle leasing firms in Singapore, Pan Pacific Leasing recognizes this to ensure a seamless transition to cleaner energy models in the local market. This includes encouraging the shift from using ICE (Internal Combustion Engine) vehicles to EVs (Electric Vehicle), a move supported by Pan Pac’s Director Jeremy Ng.
“I think we’re at a decisive moment where we must re-evaluate the cost of ICE fleets,” he explains. “Electric vehicles significantly reduce the lifetime carbon footprint and help us build a sustainable future.”
Currently, Pan Pac offers clients a wide variety of EV brands from various manufacturers for lease so that businesses have more options for cleaner, more sustainable, and eco-friendly transport.
“Pan Pac is committed to achieving the Green Plan objectives by helping our partners leverage economical electric vehicle leasing options that can help drive an environmentally-conscious economy.”
The range of benefits for businesses implementing electric vehicles is far larger than merely having a positive impact on the environment. Here are the four most important reasons why organisations should be considering electric vehicles in their fleets.
Reduced Operating Costs
Electric vehicles, in comparison to their conventional gasoline vehicle counterparts, save on fuel by converting 42% more stored energy to power the car, and can save vehicle owners S$11.71 per 100km, almost half the cost of what a normal ICE van would be using up.
These savings add up: for a vehicle that drives up to a daily distance of 150km, those savings go up to S$17.58 or approximately S$6,400 per year. What’s more, repair costs for an EV are much lower than that of ICE vehicles.
Increased Physical Safety for Drivers
EVs do not use gasoline. The use of Electric Vehicles mean that drivers are less likely to be exposed to harmful fumes that often come with driving gasoline vehicle.
EVs are also typically heavier than ICE vehicles which means that occupants in the EVs are at lower risk when in any collusion than anyone in a lighter vehicle.
Longer Lifespan
By government law, EV battery warranties are mandated to last around 8 years or 100,000 miles. In comparison, an ICE vehicle drivetrain has a warranty of 5 years or 60,000 miles.
This means extended lifespan and durability for EV vehicles. Electric vehicles are also less likely to break down, a sure sign of relief for most businesses.
Supporting Sustainability
Customers want to see businesses practice what they preach. With the use of EVs, your customers and clients can see that your company is truly dedicated to your pledge to sustainability.
Go Electric Now! Pan Pacific Leasing Offers Special Promotions
If you sign up for vehicle leasing at Pan Pacific Leasing before the 30th of April, you will be in the draw for their 11th anniversary goldbar give away. Find out more details about the contest at www.panpacificleasing.com.sg/11th-anniversary/