Is Leasing an EV Suitable for Frequent Long-Distance Drivers?

Is Leasing an EV Suitable for Frequent Long-Distance Drivers?

Dec 27, 2024

Dec 27, 2024

Leasing an EV is no longer just a curiosity for environmentally conscious urban commuters. For frequent long-distance drivers, it could be a smart, cost-effective decision—if approached with a clear understanding of key factors. The question is: does it truly meet the demands of those who spend hours on the road? Let’s break it down.

Can an EV Handle Your Long-Distance Drives?

The short answer: yes, but not all EVs are created equal. Choosing a model that matches your driving needs is critical.

Consider the range. Modern EVs boast ranges well above 300 km on a single charge. For example:

  • BYD T3: Up to 300 km range with fast charging (DC in just 1.3 hours).

  • DFSK EC35: Slightly higher range at 331 km, excellent for extended trips.

  • Golden Dragon XML5036: A workhorse with 250 km range, perfect for heavy payloads.

However, these numbers come with a catch—real-world conditions like weather, speed, and cargo weight can impact range. Always plan with a buffer to avoid “range anxiety,” especially on highways where energy consumption is higher.

What About Charging Infrastructure?

This is where Singapore shines. With over 3,600 public charging points, drivers now have access to an expanding network of fast and slow chargers across the island.

To maximise convenience:

  • Use apps like PlugShare to map charging stations on your route.

  • Opt for EVs with DC fast charging capabilities, like the DFSK EC35 (1 hour for a full charge) or the SRM T3 (1.3 hours).

  • Incorporate charging breaks into your journey. Fast chargers can give you a meaningful range boost during a coffee break.

Charging stations along Malaysia's highways, such as PLUS EV charging bays, also make cross-border trips feasible for frequent long-distance drivers.

Does Leasing an EV Work for High-Mileage Drivers?

Leasing an EV often comes with mileage limits—typically around 15,000 to 25,000 km annually. If you exceed these limits, additional costs can pile up quickly.

Ask yourself:

  • How many kilometres do you cover monthly?

  • Is the lease agreement flexible enough to adjust for higher mileage?

If your driving habits exceed typical mileage, buying may be a better option in the long run.

The Pros of Leasing an EV for Long-Distance Use

EV leasing isn’t all about restrictions. In fact, it offers some compelling advantages for frequent drivers:

  • Access to the Latest Models: EV technology evolves fast. Leasing ensures you can upgrade to newer models with better range and tech.

  • Lower Upfront Costs: Avoid hefty down payments associated with buying. Leasing spreads the cost more evenly over time.

  • Flexibility: Your needs change? No problem. You can switch to a different model at the end of your lease term.

What Are the Costs Involved if You Lease an EV?

If you want to lease an EV in Singapore, you need to be aware that it is generally more affordable than buying outright, but it’s essential to factor in additional costs:

  • Monthly Lease Payments: Typically lower than car loan repayments.

  • Insurance: May vary based on the model and lease terms.

  • Charging Costs: At-home charging is cheaper than public stations, but fast chargers might be a necessity for long-distance drivers.

Top EV Models for Long-Distance Drivers in Singapore

When selecting an EV to lease, focus on range, charging efficiency, and comfort. Here are a few standout options:

  1. BYD T3

    • Range: 300 km

    • Charge Time (DC): 1.3 hours

    • Ideal for zero-emission, cost-effective delivery or personal use.

  2. DFSK EC35

    • Range: 331 km

    • Charge Time (DC): 1.0 hour

    • Great for businesses needing larger cargo and long-distance reliability.

  3. Golden Dragon XML5036

    • Range: 250 km

    • Payload: 1,730 kg

    • Perfect for heavy-duty trips, balancing payload and efficiency.

  4. SRM T3

    • Range: 300 km

    • Charge Time (DC): 1.3 hours

    • High payload and extended range make it ideal for frequent travellers.

Is Leasing an EV Right for You?

Ultimately, it depends on your driving habits and priorities. Leasing is perfect for drivers who:

  • Want access to the latest EV models without committing to ownership.

  • Have predictable mileage within lease limits.

  • Value flexibility and low upfront costs.

However, if you consistently exceed mileage caps or travel to areas with sparse charging infrastructure, buying may be more suitable.

Ready to Go Green? EVFY Has You Covered

If you’re considering leasing an EV, EVFY offers a seamless, eco-friendly solution. With a 100% electric fleet, we provide sustainable transportation options for individuals and businesses alike.

  • Affordable leasing plans tailored to your needs.

  • Reliable vehicles with high range and efficiency.

  • Convenient access to Singapore’s charging network.

Make the switch today. Contact EVFY to explore leasing options that suit your driving habits and embrace the future of sustainable transport.

Decarbonise your logistics and unlock efficiency with EVFY

Decarbonise your logistics and unlock efficiency with EVFY

Decarbonise your logistics and unlock efficiency with EVFY