How Expensive is EV Charging for Leasing Companies?

As more companies transition to electric vehicles (EVs) for their corporate fleets, the question of charging costs becomes increasingly relevant. Companies that provide EVs to employees must consider not only the purchase of the vehicles but also the expenses associated with charging. But how much does EV charging actually cost for leasing companies, and what challenges arise along the way? Let’s explore.

The Costs of EV Charging for Leasing Companies

Several factors affect the total cost of charging EVs within a leasing fleet, including electricity rates, infrastructure investments, and maintenance costs.

1. Electricity Costs

• Home charging reimbursements: Many employees charge their EVs at home, requiring companies to track and compensate for electricity usage. Costs vary depending on electricity prices but typically range between €0.15 and €0.30 per kWh in Finland.
• Workplace charging: Companies installing charging stations at their premises may pay between €500 and €2,500 per charger plus electricity costs.
• Public charging stations: Fast charging at public networks can be expensive, often costing between €0.30 and €0.80 per kWh, which adds up for high-mileage drivers.

2. Charging Infrastructure Costs

• Home charging setups: Providing employees with home chargers can cost around €500–€2,000 per unit.
• Company charging stations: Setting up workplace charging infrastructure may require a larger investment, ranging from €5,000 to €20,000+ depending on installation complexity.
• Access to public networks: Some leasing companies partner with charging networks, covering monthly subscription fees of €20–€50 per user.

3. Maintenance and Software Costs

• Charging station maintenance: Companies with their own chargers must account for €300–€1,000 per year per station in maintenance.
• Energy management systems: Smart charging software for optimizing charging schedules can cost around €100–€500 per year per unit.

Challenges and Benefits of EV Charging for Leasing Companies

Challenges:

• Billing and Reimbursement Complexity: Tracking employee home charging and public station usage can create administrative challenges.
• High Upfront Costs: Initial investments in charging infrastructure and management systems may seem costly.
• Charging Availability: Employees relying on public charging stations may face availability issues and longer charging times.

How KotiCharge Helps Leasing Companies Optimize EV Charging

KotiCharge simplifies EV charging for leasing companies by offering automated billing, smart charging, and flexible invoicing solutions. Our system ensures that:

• Charging costs are tracked and billed accurately—whether at home, work, or public stations.
• Smart charging reduces expenses by utilizing lower electricity spot prices.
• Seamless invoicing supports company car policies, making reimbursement easy for both employers and employees.

User Payment Flow with KotiCharge

1. User pays for the electricity with their personal card or bank account.
2. User pays the KotiCharge service fee in the KotiCharge mobile app with a personal card.
3. KotiCharge sends the leasing company a total invoice, including electricity costs, transfer costs, electricity tax, and the service fee.
4. The leasing company reimburses the user for the invoice amount.

By integrating KotiCharge, leasing companies can reduce administrative burdens, lower overall charging costs, and ensure a smooth EV experience for their employees.

Want to streamline your company’s EV charging? Contact KotiCharge today and discover a smarter way to manage your fleet!