Diesel vehicles could slowly be phased off roads as businesses show clear financial benefits of investing in electric vehicles.
New data shows that businesses are spending around 33 per cent of their total operating costs on diesel for their fleets.
In comparison, electric fleets spend just three per cent of total operating costs on electricity to power their vehicles, according to Voltempo.
Businesses operating with mainly electric fleets are saving around 40 per cent in costs compared to diesel at the depot, demonstrating enormous incentives to invest in EVs, according to experts.
British company Voltempo has highlighted the benefits of using electric vehicles across businesses to make savings and cut costs for customers.
The Birmingham-based company has already set up 35 electric vehicle charging stations at depots across the UK, allowing drivers to save money and benefit from rapid charging.
Voltempo's charging network has been described as a "critical piece" of boosting revenue for companies that use electric vehicles.
The brand's HyperCharger allows vehicles to charge quickly and reliably with power ratings of up to one megawatt (1,000kW), which could unlock significant time and cost savings for businesses.
Businesses could soon ditch diesel vehicles as EVs deliver huge cost savings
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The eFREIGHT 2030 consortium, which is led by Voltempo, forms part of the Government's £200million Zero Emission HGV and Infrastructure Demonstrator Programme.
A nationwide network of chargers has been backed by the industry for allowing the haulage industry, which is one of the highest polluting sectors in the country, the confidence to make the switch to EVs.
Voltempo previously told GB News that it was looking to install more than 50 ultra-rapid chargers along the strategic road network.
Simon Smith, CEO of Voltempo, said: "British haulage has always been one fuel crisis away from a margin squeeze. That exposure doesn't have to be structural. The charging infrastructure is here.
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The Voltempo HyperCharger can supply six vehicles at once | VOLTEMPO"The economics are clear. And increasingly, the electric fleet isn't just a cost decision. It's a commercial one. Customers are choosing hauliers who have made the switch."
The conflict in the Middle East has also had a profound impact on the future of fleets, as businesses make tough decisions on whether to stick with diesel vehicles.
Given that fuel prices are increasing across the UK again, it could soon cost £2 a litre and hundreds of pounds to fill a tank, further putting pressure on businesses.
Chris Welch, managing director of the Welch Group, explained that switching to an electric fleet had resulted in a 14.3 per cent year-to-date jump in revenue.
Voltempo is looking to roll out chargers across the UK over the coming months
| VOLTEMPOHe stated that the customers did not have to pay a premium for electric miles, especially as the gap in the cost per mile between diesel and electric continues to narrow.
The expert added: "Welch's is investing across the fleet; electric, HVO, strong partnerships, innovation and programmes like eFreight 2030- and that's what's bringing them through the door.
"Voltempo's network is a critical piece of why this works: no haulier can build national charging coverage alone, and that is how we will take the electric fleet from just winning the TCO modelling on local work, to national."