It is exciting to see the growing number of electric vehicles (EV) on the roads of Australia. It is even more exciting to see more businesses move to a greener business model. As the world becomes increasingly aware of the environmental impact of carbon emissions, businesses are looking for ways to reduce their carbon footprint. For small and medium-sized enterprises (SMEs), one way to achieve this is by transitioning to EV Fleet Subscriptions.
However, not all businesses have available funds to completely green their business fleet. The high upfront costs of purchasing EVs can be a real barrier for SMEs. This is where EV fleet subscription services come in, offering flexibility and affordability for SMEs looking to go green.
What is an EV fleet subscription service?
An EV fleet subscription service is a flexible alternative to traditional car ownership or leasing. Instead of purchasing or leasing an EV, your businesses can subscribe to a fleet of electric vehicles for a fixed monthly fee, making it easy for you to integrate EVs into your business operations.
No large outlay: The high upfront cost of purchasing or leasing EVs can be a barrier for SMEs. EV fleet subscriptions offer you a cost-effective alternative, with fixed monthly fees that cover most associated costs. This includes maintenance, roadside assistance, insurance and registration!
Flexibility: You can choose the number and type of EVs needed for your business with no long-term contracts. Plus, you can adjust the subscription as your business needs change. This makes EV fleet subscriptions a perfect option for companies with fluctuating staff and seasonal fluctuations.
Debt-to-equity ratio: Car subscriptions are classified as an operating expense unlike leasing which is classified as capital expenditure. This means leasing will appear on your balance sheet, possibly impacting your company’s debt-to-equity ratio. With a fleet subscription, you can add vehicles to your fleet without any impact on your balance sheet.
Business operations: Save time and stress in maintaining your business fleet. With a traditional car lease, you are responsible for maintaining and repairing the vehicle. Not to mention tracking and paying for associated costs like insurance and registration. With car subscription, these costs are included in the monthly fee! Making it easier for your businesses to manage the fleet and reduce vehicle downtime.
Environmental benefits: Transitioning to an EV fleet can help your business reduce its carbon footprint and contribute to a more sustainable future. By using an EV fleet subscription service, you can make the switch to EVs without the long-term commitment.
Competitive advantage: As more consumers prioritise sustainability, businesses that prioritise environmental responsibility are likely to have a competitive advantage over those that don’t. By switching to an EV fleet subscription service, you can position your business as environmentally responsible and attract eco-conscious customers.
How can SMEs get green in their fleet?
To get started with an EV fleet subscription service, you should:
Assess your business needs: Consider the number and type of vehicles needed in your business. As well as any specific requirements such as number of drivers, kilometres of travel, budget allocation and preference of subscription duration.
View available options: view Karmo’s inventory to view available EV fleet options near you.
Apply: Once a suitable EV fleet option has been identified, submit an online application and start enjoying the benefits of EVs without the high upfront costs.
Rotate: At the end of your subscription term period, return your EV and we will replace it with another brand new vehicle!
Electric Vehicle Fleet Subscriptions with Karmo
Overall, subscription is a fantastic choice for small business owners who are seeking flexibility, improved operations, and no balance sheet impact. PLUS, learn how to save at tax time with fleet subscription! With the demand for sustainable transportation alternatives growing, there is no better time to switch to a fleet subscription with Karmo.
Here at Karmo, we understand that each small business is distinct, and transportation requirements vary. That is why we offer a range of car subscription options, to accommodate every business. Our team is devoted to helping small businesses find the perfect solution for their fleet, and we are always available to answer any queries or address any concerns.
So don’t let conventional car leasing weigh down your business. Make the change to a car subscription with Karmo and take control of your fleet.
Flexible EV Fleet Subscriptions – Brisbane, Sydney, Melbourne, Adelaide, Perth