How recent fuel hikes are making logistic companies to look for commercial EV options

Ever since the pandemic has commenced, we have come across an unconventional rise in the fuel prices every so often. With the current petroleum price ranging from 87.42/Lt in Andhra Pradesh, to 104.25/Lt in Bihar (source: Petrol Price in India | Check Latest Petrol Rates in India (indiatimes.com)), India is witnessing an unprecedented crisis when it comes to operating automobiles. By extension, the most adversely affected sector of Business is Logistics, when it comes to the fuel-price hike, for who knew buying a transportation medium would cost one so much in the long run, literally?

Logistic companies are very stringent when it comes to the fuel costs, owing to the tough competition in the market. Everybody wants to make adequate profit with minimal investment. The logistics companies meticulously analyse the data pertaining to fuel prices a week before their dockets are supposed to hit the roads. However, price volatility is not predictable and causes a difference in the calculated charge and the actual charge of fuel required. This lag has a considerable impact on the company’s earnings and should they be recurrent, the company will not perform satisfactorily in the competitive market anymore.

Now the price hike has been implemented and the dockets have been delivered albeit using a less economically viable method, in order to compensate for the high costs of fuel, the company will have to charge a higher amount on its goods from the customers. This in turn contributes to product inflation.

In order to combat this unpleasant cost ascent, companies had to look for methods that would conform to economic viability; the methods that would have an alternative for fuel. That’s when the concept of driving by a renewable source of energy comes into light.

In recent times, EVs have seen a resurgence owing to their application of renewable sources of energy; their propulsion depends on electric motors and their energy can be replenished multiple times. Logistic companies were eyeing on an alternative to fuel and their quest brought them to this optimizing method of commercial transport.

Not only EVs help in attenuating the price invested in fuel, but they also have several advantages. EVs are more power efficient than Internal combustion engine automobiles, with tolerable power loss percentage range from 15–20%, as opposed to 64–75% of a gasoline engine (source: Where the Energy Goes: Electric Cars (fueleconomy.gov) ). Augmenting to this, EVs prevail Fuel-using vehicles in terms of reliability, that is EVs come with fewer sources of potential failure, owing to comparatively fewer mobile parts of the vehicle. The Internal combustion engine, however, has multiple mobile parts, and also additional accessories and systems (such as exhaust-gas aftertreatment system) which might point in the direction of a possible failure. Due to the aforementioned advantage, the maintenance cost of EVs is acknowledgeable, because less moving parts mean less abrasion due to friction. When it comes to the maintenance of Gasoline engine-equipped vehicles, we are thoroughly acquainted with their regular demand for servicing. This is absolutely not pocket-friendly for a corporation whose business revolves around the pivot of commercial vehicles.

The need of the hour is to satiate the consumer demands in the most viable way possible.

If you’re looking for an Electric Vehicle company in India which has a consolidated approach to the aforementioned issue, you must get acquainted with DbyT Dynamics. We are an EV Rental company based in India, and make it a point to do rigorous inspections of our vehicles to ensure that they are free of encumbrances caused by poor performance or lack of maintenance, therefore saving customers money on upkeep. We supply required accessories here, such as a delivery bag for two-wheelers (E-bike and E-scooter) and a cold-storage box for three-wheelers. Our fleet now consists of two- and three-wheelers, and we are constantly attempting to diversify it.

The items are transported from the hands of suppliers to the hands of customers via a trusted intermediary. We provide a genuine and trustworthy service that connects the market’s two main stakeholders, and a steadfast means to add Smiles to Miles…