The Benefits of Investing in Electric Vehicles for Taxi Firms


Some taxi firms are reluctant to make the switch to electric vehicles but with more innovation in the field of electric vehicle development all the time, it seems as though it’s just a matter of time before the majority of taxi firms go electric.

Below are some of the biggest benefits of investing in electric vehicles for taxi firms.

Great for marketing

With electric cars being so much better for the environment, they provide an excellent way to market a taxi firm by pushing this benefit. In addition to this, electric cars also provide a smooth, silent ride so overall they are an excellent way for a taxi firm to differentiate themselves from the competition.

Cut down fuel costs

Another big benefit of switching to electric vehicles is that it enables you to cut down on fuel costs. Fuel costs are one of the biggest expenses with regular petrol and diesel vehicles so the savings from switching to electric are significant.

Cheaper to insure

Because electric vehicles are generally safer than petrol/diesel vehicles, they’re also cheaper to insure. This is especially useful if you have many different vehicle types that you need to insure together under a fleet policy.

Most taxi firms will have at least a couple of minibuses and traditional minibus insurance can be expensive. Luckily there are now electric minibuses that are on the horizon so that’s another area where savings can be made.

Cheaper to maintain

Because electric cars are much simpler than cars that run on fossil fuels, they’re much simpler to maintain and suffer from fewer serious problems. This is a huge benefit for taxi firms and helps to save money.

Range improving all the time

Another reason to consider investing in electric vehicles for taxi firms is that the range of electric vehicles is constantly improving. It’s not unusual now for electric cars to do 100+ miles on a single charge. This makes them much more practical for use by taxi firms.