Electric car users pay less than 1 CZK/km for electricity, petrol drivers pay at least twice as much for fuel, Drivalia calculates
Every tenth car ordered by customers from the Czech branch of Drivalia, the mobility provider of the CA Auto Bank Group, already has an electric drive. The share of pure electric vehicles in new orders this year is 6%, and 10% when the plug-in hybrids are included. The representation of electric vehicles, including plug-in hybrids, in new business puts Drivalia above the overall market in the Czech Republic, where the share of electric cars in new registrations was 4,5% and 7% including the hybrids in January-September this year, according to SDA data.
According to the company, this is due to several factors. Demand for EVs is driven by the large fleets that form the core of its client portfolio. In addition, the purchase prices of electric and comparable conventional cars continue to converge. As a result, there are already electric car models on the market that have very good TCO (total cost of ownership and operation) values, which is a decisive factor for most corporate customers when choosing a car.
"The fact that we offer customers not only financing for electric vehicles, but also the complex of accompanying services needed for a smooth transition from conventional cars, also plays an important role. At the same time, we provide consultations, share experiences from other companies and gradually fine-tune our services according to the needs of our clients and market developments," says Jana Faltová, Business Performance Manager at Drivalia Lease Czech Republic, a leading company in the management of corporate fleets, which has over 30,000 vehicles on the road in the Czech Republic.
The company continuously monitors the development of the TCO for specific vehicles. Its current calculations have confirmed that the cost of electric cars is already lower than the cost of adequate conventional models in a number of vehicle segments. In general, the higher the car segment, the more advantageous electric propulsion becomes.
The price of electricity plays a significant role. According to Drivalia's latest calculations, the cost of electricity consumed per kilometre of driving ranges from CZK 0.90 to CZK 4.50, depending on the car model and the source of public charging.
"Drivers who can charge at work or at home have an advantage and only use fast public charging stations on longer journeys. A significant majority of our customers are like this," says Jana Faltová.
In the group of electric cars with lower consumption, which includes, for example, Fiat 500e, Dacia Spring, Peugeot 208, Tesla Model 3, Hyundai Ioniq 6 or Volkswagen ID.7, drivers using public charging in the network of ultra-fast chargers Ionity will pay an average of CZK 2.80 for electricity per one kilometre of driving, when charging at AC chargers or home charging the result is around CZK 0.90/km.
In the case of electric vehicles with higher consumption, such as the Hyundai Ioniq 5, BMW iX, Audi Q8 etron or Mercedes EQE, users of ultra-fast public chargers have to count on electricity costs of up to CZK 4.50 per km. However, if they can charge on AC chargers or from a home or business wallbox, they will get around CZK 1.50/km.
Drivers of cars with internal combustion engines will pay 2 to 4 crowns for fuel for each kilometre of driving, depending on the consumption of the car (calculated in the range of 5 to 10 l/km).
"At today's electricity prices, an electric car user can save more than half the fuel costs of a conventional car driver. This is already a figure that can make fleet managers and private customers start to prefer electric cars," says Jana Faltová from Drivalia.
SDA data source: https://portal.sda-cia.cz/clanek.php?id=7425&v=m
Corporate Profile
Drivalia is owned by CA Auto Bank S.p.A., a universal bank wholly owned by Crédit Agricole Personal Finance & Mobility, which operates as an independent and multi-brand player in the vehicle financing and leasing and mobility sectors. It provides a complete range of credit and leasing solutions as well as insurance services. The credit products, leases or rentals and mobility financing provided by CA Auto Bank are specifically designed for dealer networks, private customers and corporate fleets. CA Auto Bank is represented in 18 European countries and also in Morocco with a total of more than 2,600 employees. Through the Drivalia brand, it provides a full suite of solutions: from electric car sharing to innovative subscriptions and car rentals for a wide variety of periods.
Drivalia addresses mobility in all its aspects and provides innovative plans that combine flexibility, digital usage, on-demand access and sustainability. In June 2019, it launched Mobility Stores, physical stores where customers can access all of the company's services. With the opening of the first fully electrified Mobility Store at Torino Caselle Airport in 2020, followed by many more, Drivalia has also become a key operator in the field of sustainable mobility. In fact, with more than 1,800 charging stations installed in all its stores, Drivalia has the largest private network of charging stations in Italy. The electrification project continues in the other European countries where Drivalia operates.
More information: www.ca-autobank.com, www.drivalia.com