December 2, 2022 - Kivo Daily

The New Generation Electric Cars For Businesses

Kivo Daily Staff on December 2, 2022

Owning an electric car is becoming reasonably popular these days. With the increase in the use of electric cars, the manufacturing companies that produce these cars have been working hard to develop newer and better electric vehicles that are not just high performing but also affordable and suitable for businesses.

Using an electric car for your business can be an excellent financial decision. Due to recent government tax policies, owners of electric vehicles are qualified for a federal income tax of up to $7500, which means you save more money by switching to an electric vehicle. While earlier electric cars might not have had enough range to compete with regular combustion engine vehicles, the new generation of electric cars can perform at favorable speeds and still cover as much distance as you regularly drive.

While many models of electric vehicles are available for purchase, here are the best new-generation electric cars you should consider for your business.

BMW I4

First on our list of electric cars suitable for businesses is the BMW I4. This spacious electric vehicle is powered by a battery that uses about 400kw of electricity. With a range of 366 miles, this electric car is sure to get to your destination and back on a full charge. You won’t have to worry about waiting long to charge cause the BMW i4 comes with fast charging. With a top speed of 118 mph, this EV can move as fast as 0- 60 mph in about 6 seconds.

Nissan leaf

This award-winning car from Nissan is bound to appear on this electric car list. With a range of 226 miles on a full charge, this electric car will not have you stranded on the road during your business trips. A 163kw battery powers the Nissan leaf. While it might not have a wide range, with only about 144 miles on a full charge, the Nissan leaf is one of the cheapest electric cars to buy and performs above its price range. This car is also innovative with its auto-braking and reverse systems to prevent collisions.

Ford Mustang Mach-E

The ford mustang Mach-E is one of the best electric vehicles available for purchase in today’s market. Ford’s Mach-E is a powerful SUV powered by a 363kw battery. This spacious vehicle boasts a large size and is one of the most comfortable driving experiences. The driver can be reassured about driving long distances because this car has a range of about 314 miles. This car also charges fast, reaching 80 percent in about 40 minutes. Although the ford mustang Mach-e is a big car, it can accelerate from 0-60 in just 3 seconds. This vehicle has a top speed of 180mph, making it easy to overtake other vehicles even at full speed.

Porsche Taycan Cross Tourismo 4S

Porsche’s Taycan 4s cross tourismo is an excellent example that cars can be high performing even without an engine. This vehicle by the luxury car manufacturer Porsche is one of the best-performing electric vehicles. This car accelerates from 0-60 in just 4 seconds. The Porsche Taycan 4s has a range of about 281 miles on a full charge which is suitable for regular drives. This electric vehicle is powered by a 420kw battery and has a top speed of 149 mph.

Tesla Model 3

No top electric vehicle list would be complete without a tesla. The leading manufacturing company of electric cars, Tesla’s Model 3 is one of the best electric vehicles to consider. This tech-forward electric car has an actual life range of about 374 miles. This car can accelerate from 0-60 in just 4.2 seconds, leaving most cars behind. It has a top speed of 142 mph which is more than sufficient for everyday driving. While this EV might be more expensive, the public charging service Tesla provides makes it a cost-effective option.

Kia EV6

The new Kia EV6 is the ideal electric vehicle on this list. This car has a real-life range of about 328 miles on a full charge which takes only about 20 minutes. A 168kw battery powers this fast-charging car, and its performance is optimized. It boasts an acceleration rate from 0-60 in just 7.3 seconds. With a top speed of 114 mph, this car might not seem like much compared to others on this list, but at its price range, it is simply miraculous.

Understanding Your Business Electricity Bill

Kivo Daily Staff on December 2, 2022

Photo URL: https://pixabay.com/photos/electricity-energy-environment-206928/

All businesses are required to pay for the electricity they consume, but how business electricity bills are calculated can be confusing. You must understand how your business electricity bill works to make informed choices about your energy use and costs. Your business electricity bill will list the charges for the amount of electricity you have used, as well as any taxes, fees, or other charges that may apply.

It is necessary to have a good understanding of business electricity rates and how your business electricity bill is calculated to ensure that you are paying only what you need for your business’s electricity consumption. With the help of a business energy comparison website, you can understand all the details you need to know and make sure that you are getting the best deal possible.

Businesses pay the price for their electricity from two main components: the energy charge and the capacity charge.
The energy charge is the cost of the actual electricity your business uses, while the capacity charge is a monthly fee that covers the cost of your business’s electricity demand.

In some cases, businesses may also be charged a service fee or other miscellaneous charges. Firms in the United States usually have two options for how they are charged for their electricity: flat rate or demand rate.

With a flat rate, businesses are charged a set price per kilowatt-hour (kWh) of electricity they consume. This price does not change, regardless of how much electricity your company uses.
With a demand rate, businesses are charged based on their peak electricity demand during a given month. Businesses with higher electricity demands will pay more for their electricity than businesses with lower electricity demands. In most cases, businesses are only charged for their peak demand during summer, when air conditioners are typically used more often.

How Business Electricity Bills Are Calculated?

The price you pay for electricity as a business is referred to as a business electricity rate. Business electricity rates are set by utility companies and may vary depending on the region in which your business is located. In some cases, companies may be able to negotiate their business electricity rates.

The price of electricity is measured in kilowatt-hours (kWh). A kWh is a unit of measurement that equals the amount of electricity required to power ten 100-watt light bulbs for one hour. The cost of electricity is based on the number of kWhs your business uses.

To calculate your business electricity bill, you will need to know your business’s kWh usage for the billing period. This information should be listed on your business electricity bill. You can contact your utility company to clarify your business’s kWh usage.

For example, if your business uses 1,000 kWh of electricity in a month and your business electricity rate is $0.10 per kWh, your monthly electric bill would be $100. In addition to the cost of the electricity itself, your business electricity bill may also include other charges, such as taxes or fees. These charges will vary depending on your location and utility company.

What to Look For on Your Commercial Electricity Bill?

Total Electric Load

The first thing you need to look for on your business electricity bill is your company’s total electric load. This will give you an idea of how much electricity your business uses and what the maximum amount of electricity your business can use at any one time is. It is important to have a good understanding of how your business electricity bill works so that you can make informed choices about your company’s energy use.

Electric Rate

The next thing you need to look for on your business electricity bill is the electric rate that your business is being charged. This will give you an idea of how much your business is paying for each unit of electricity that it consumes. In some cases, businesses may be able to negotiate a lower electric rate with their utility company. However, it is important to understand that business electricity rates can vary depending on the region in which your business is located.

Taxes, Fees, or Charges

Finally, you need to look for any taxes, fees, or other charges that may be included in your business electricity bill. These fees can add up and should be taken into account when you are budgeting for your business’s electricity costs.

How Much Is an Average Business Electric Bill?

Small businesses in the UK spend an average of £1,500 per year on electricity, while larger businesses can spend up to £5,000 or more. The amount your business will be charged for electricity will depend on a number of factors, including the total electric load, the electric rate, and any taxes, fees, or other charges that may apply.

Businesses generally expect to pay between £50 and £200 per month for their electricity consumption. However, the exact amount that your business will be charged for electricity will depend on your company’s specific circumstances.

For example, the cost of commercial energy is slightly higher for micro-businesses, which typically have less than ten employees. They pay about 14p for their unit cost and 29p per day for their standing charge. That is the reason why the costs are higher. They only utilize between 5,000 and 15,000 kWh of electricity.
The best prices deals are typically found for medium-sized businesses because they use more electricity and can purchase in greater quantities. They will consume between 25,000 and 50,000 kWh of electricity annually with up to 250 employees. The average cost per kWh of power will be 10.5p, and the daily standing charge will be about 22p.

In Conclusion

Consuming electricity is an integral part of doing business. The amount that your business will be charged for electricity will depend on the total electric load, the electric rate, and any taxes, fees, or other charges that may apply. These factors will guide you in deciding how much your business should budget for electricity every month. Aside from that, it would help if you also considered the average cost of business electricity bills in the UK to get an idea of how much you will be spending.

In today’s business climate, it is important to be aware of your company’s energy consumption and to budget accordingly. By understanding how your business electricity bill works, you can make informed choices about your company’s energy use and save money on your bottom line.

Day: December 2, 2022