Tire efficiency labels could cut company fleet costs by $642M
New EU rules could help UK companies save almost $642m a year by helping them kit out company car fleets with more efficient tires.
Regulations came into force yesterday requiring tires to be sold with efficiency labels similar to those displayed on electrical appliances. They indicate a tire’s fuel economy and braking distance in the wet using a simple A to G, while also giving an estimated noise level.
An A grade tire is expected to reduce fuel bills by up to nine per cent compared to the worst performing G-rated products, saving typical passenger cars up to $295 (€230) a year and vans up to $462 (€360).
Brussels expects consumers to buy greater numbers of fuel-saving tires as a result of labels, leading to CO2 savings of between 1.5 million tons and four million tons a year by 2020 -- equivalent to taking 500,000 to 1.3 million passenger cars from the roads each year.
Research by the Energy Saving Trust estimates UK businesses could make significant savings by switching the tires on the estimated 3.9 million company vehicles on the country's roads.
It says changing tires on just 50 percent of company cars from the least to the most efficient grade would lower fuel costs by up to $642m a year and reduce CO2 emissions by more than one million tons, as well as providing significant safety benefits.
"We welcome this new legislation and hope that fleet managers and leasing companies benefit from the substantial long-term savings they can make," said Tim Anderson, senior knowledge manager at the Energy Saving Trust.
In related news, rental car firm Hertz has launched what it says is the first nationwide tire recycling program in the US as part of company commitment to send no tires to landfill.
The company has teamed up with Liberty Tire Recycling, which will collect the more than 160,000 tires it uses each year and turn them into a range of products for playgrounds, parks, and roads.