How often does a workplace benefit offer true value to employees whilst also delivering its purpose to you as the employer?
In this blog, we focus on workplace charging as a staff benefit and how, with the right charge point management system in place, it serves both the employer and employee. We explore the average cost of workplace charging and how it compares to public and home charging, and discuss how offering workplace charging can make an organisation stand out to future recruits.
Fuuse has revealed that the average cost of workplace charging is 25.9p based on an analysis of over one million workplace charging sessions using Fuuse's charge point management software*. This means workplace EV charging is approximately 50% cheaper than public AC charging, and up to 66% cheaper than public DC charging**
Not only is this a substantial saving for the employee, but it also enables those without driveways, that couldn’t previously consider switching to an EV, to make the transition with a cost-effective alternative. Charging at work also offers the convenience of charging while working instead of making a dedicated trip to a public charger.
Further research also revealed that the average cost of workplace charging can work out cheaper than charging at home, factoring in the following:
If the expected lifespan for a charger is around five years, workings indicate that it costs on average £565 a year to install a charger and charge a vehicle at home (based on the energy price cap above) and £352.50 on the average nighttime EV tariff. With 25.9p being the average fee per kWh charged by Fuuse clients, workplace charging sessions average out as £312.50 annually – £250 less than daytime home charging, and marginally less than nighttime home charging.
68% of the UK population that travel to work commute by car, and 54% of those in employment travel to a workplace or depot. This suggests that there is significant potential for utilisation of workplace charging for those driving EVs, and by offering it, an employer can make it easier and more affordable for staff to make the change to an EV without having access to home charging.
Charging at work offers clear benefits to employees, but with the right EV charging back-office system, it also brings significant value to you as the employer.
Whether you’re installing infrastructure, maintaining it, or both - generating revenue and return on investment (ROI) is likely to be a key strategic factor in offering EV charging as a staff benefit. With Fuuse powering your on-site charge points, you can enable staff to charge for less while still monetising charging sessions. This can be done with flexible user group rates: set a tariff for employees that is cheaper than public charging, and set a higher tariff for public charging sessions, if you’re opening up your infrastructure for public use, or just to visitors and supply chain accessing your sites. For employees that don’t have access to home charging, the convenience and price of workplace charging could be the difference between driving an EV and not.
Encouraging staff to charge at work boosts utilisation of infrastructure and generates revenue, while providing a workplace benefit to employees that offers convenience and a financial saving.
In a survey conducted by Deloitte, aimed at Gen Z and Millennials, 70% of respondents reported that a company’s environmental credentials and policies were important when evaluating a potential employer. While proving high on the priority list for employees, Environmental, Social and Governance (ESG) initiatives also increasingly matter more to employers, with many striving for recognition such as B-Corp certification to demonstrate their commitment to sustainability. Encouraging EV adoption aligns closely with the environmental element of ESG initiatives. While doing so, it provides a true, measurable benefit to EV drivers among staff, and enables your business or organisation to stand out to potential new talent that values environmental credentials.
Many employers offer a salary sacrifice scheme on electric vehicles, a useful workplace benefit in itself. By taking it one step further to enable cost effective charging at work, you can offer an even more comprehensive solution. Providing attractive charging rates and charge point availability (so a vehicle can charge while the employee works), complements the salary sacrifice scheme, which could result in higher overall uptake.
Choosing the right charge point management system is key to making workplace EV charging function efficiently for both you and your employees. The Fuuse platform is the leading solution across the UK for workplace charging, because it offers:
Take a look at our most recent workplace EV charging case study for more insight into how Fuuse is a future-proof choice of software.
The team at Fuuse are on hand to support workplace EV charging, no matter what stage the project has reached. Whether chargers are already in the ground, or the initiative is still in planning phases, the Fuuse team can advise, support and guide you through the process to achieve fully operational workplace charging. For support with funding, there are government grants available such as The Workplace Charging Scheme (WCS) which covers up to 75% of the total costs of purchase and installation of EV charge points. You can find out more here.
* The cost for workplace charging is inclusive of VAT and excludes employers and sessions where companies provide free workplace charging. ** Tariffs for AC and DC networks are based on Zapmap pricing data.
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