Cost-efficiency is one of the hallmarks of any healthy business, and there are a number of ways companies can reduce the amount of money they spend on their daily operations.
For companies that rely on vehicles to transport their products, there's one unavoidable cost than be difficult to reduce. The price of fuel is constantly on the mind of drivers and fleet managers alike, and spikes in petrol or diesel prices can have a significant financial effect.
While a fuel card is one option for businesses looking to save money on their petrol or diesel bills, this process can be made even more effective by purchasing a green car to go with it. However, with the range of hybrids increasing by the month, do organisations know which one is right for them?
Green cars ranked by industry experts
With the sheer range of green cars currently on the market, it's not always easy to narrow down the best for business purposes. Thankfully, the American Council for an Energy-Efficient Economy (ACEEE) recently released its updated list of the best fuel-efficient vehicles.
— ACEEE (@ACEEEdc) January 27, 2016
For businesses considering a hybrid option, the list provides a substantial number of examples. In fact, the Toyota Prius alone represents 3 different entries, accounting for a quarter of the 12-strong list. The Prius was one of the first hybrid cars to gain mainstream appeal, and almost 20 years of development has resulted in it becoming a major force in the green cars market.
While many of the entries on the 12 car list were electric, the Jetta Hybrid also featured, reinforcing the idea that petrol/electric hybrids can rival their all-electric counterparts in terms of efficiency.
Does this mean electric cars are taking over?
While all-electric cars dominated the ACEEE's list, a report by McKinsey & Company found that consumer sentiment doesn't necessarily reflect these results. Although these cars have proven to be technically proficient, issues such as limited range and charging opportunities mean they aren't always the most convenient option for business drivers on the move.
The adoption rate for electric cars could be anywhere between 10 and 50 per cent.
According to the organisation, it's difficult to determine how consumer adoption of these vehicles will evolve at a global level, purely because the use of these vehicles is dependent on the supporting infrastructure.
For example, McKinsey & Company says this rate could be anywhere between 10 and 50 per cent.
Although there's change on the horizon, for now businesses and their drivers will still be getting a lot of mileage out of their fuel cards.