Renting an Electric Car?
If you have been thinking about purchasing a new electric car, now is the time to consider renting one. The price is steep, but if you consider how much money it will save in fuel and maintenance, it is worth it. EVs are also much greener than most gasoline-powered vehicles, so renting one will help your business stand out from the rest. But renting an EV does require some planning and integration into your business. Here are some tips to consider.
Market Research Future recently published a report examining the Electric car rental market. This report breaks the market down by Vehicle Type, Application, Service, and Region. The market is estimated to reach USD 19 billion by 2027, with a compound annual growth rate of 15.9%. Various governments have been introducing new environmental regulations, influencing businesses to adopt more eco-friendly business concepts. In addition, the plethora of battery-powered electric vehicles has spurred the market.
A number of companies are launching programs to make electric cars more accessible and more convenient to rent. Green Motion has 450 locations in 47 countries and uses only fully electric vehicles. These vehicles leave a low carbon footprint, and many locations feature charging stations. Another company, EVision, offers an extensive inventory of electric vehicles, and even offers long-term car rental services. While the electric car rental industry is still new, it is already making its mark.
Renting an Electric Car? Here’s What You Need to Know
Most current electric cars come with a 120-volt charging cable for quick recharging. But large battery units may take 20 hours to recharge. In addition to this, it is also not easy to find a 240-Volt charging station. Therefore, electric car rentals are only a smart choice for smart drivers. Remember to plan accordingly, and know where you can recharge the electric car should you need to go a longer distance.
Several factors make electric car rentals an attractive market. Rising demand for sustainable travel options and increasing attention to environmental issues are driving this market growth. To make your business stand out from the competition, consider adopting an all-digital approach to offering electric cars. It won’t be difficult with the right technology. The UFODRIVE platform will help businesses implement their new electric vehicles into their existing operations and provide an improved customer experience. Once you’ve mastered the technology, you’ll find that renting an electric car will be a seamless process.
With the cost of gas continuing to rise, interest in electric car rental is rising. Hertz announced last October that it would buy 100,000 Tesla vehicles. This decision puts pressure on rivals to unveil their transition plans. Europcar recently pledged to make 20% of its fleet electric or low-emission hybrid cars by 2024. This will restock its fleet to reach the 350,000 vehicles it had pre-pandemic. This trend is expected to continue.
While EVs are gaining in popularity, there are still challenges in implementing them. One major hurdle is a lack of charging stations. EVs will not charge in the same way as ICE cars, so EV charging stations will be needed in rental car locations, hotels, resorts, office buildings, and on interstate highways. Additionally, the company must educate potential EV drivers on the differences between an EV and an ICE vehicle.