Why should you go electric?
Almost all mainstream car manufacturers now offer electric vehicles. There are currently over 100 part or fully electric vehicles available in the UK, and with the changes to the upcoming 2020/21 company car tax rates heavily favouring low emission vehicles, many fleet managers are looking into deploying electric vehicles into their fleet.
Setting up a choice list can already be a challenging task, but now trying to include electric vehicles as well can make this task even harder, With our complete EV guide, we can help you throughout this process.
Benefits of electric vehicles
BIK Company Car Tax
The Benefit-in-Kind company car tax rates for 2020/21 to 2022/23 heavily favours EVs and PHEVs, making them a great option for saving money. For 2020/21 cars with lower than 50 CO2 (g/Km) and a range of under 30 miles and registered after April 2020 will be taxed at a rate of 12%. Also a pure EV will be taxed at a rate of 0% increasing by 1% each year.
Cheaper to Run
Another reason to go electric is that they are cheaper to run compared to petrol and diesel cars. According to the energy saving trust, it costs only around £4 - £6 for 100 miles of charge*. Comparing this to a 100 mile drive in a petrol or diesel car, which would cost around £13 - £16.
Electric vehicles could save drivers up to £2900 in congestion charges each year. Also with cities across the UK implementing Clean Air Zones where vehicles with high CO2 emissions will be charged a fee to enter, However EVs and PHEVs will be exempt from any charges, as they produce less CO2 than internal combustion engine (ICE) vehicles. See full breakdown of Clean Air Zones and how they will affect you here.
*The cost of home charging will vary depending on your electricity rates
Better for the Environment
As EVs are powered by electric motors they produce ZERO CO2 in the running of the vehicle. Emissions are still produced in the generation of electricity to charge the vehicles, however this is still up to 40% less than a conventional ICE vehicle.
Charging Point Grants
When buying a Wall Box charger for your home, you can receive a grant from the Office for Low Emission Vehicles (OLEV) of up to £500. The grant is named the Electric Vehicle Homecharge Scheme (EVHS) and covers the cost of the charger and installation.
To qualify for the grant you must meet the following criteria;
You must have purchased an eligible EV or PHEV vehicle from the 1st October 2016 onward.
You must have off street parking.
You must purchase a OLEV approved charge point and have it installed by an OLEV approved installed. See Pod-Point page for more information and purchasing a charger.
The date of installation must not be more than 4 month ahead of the date the customer becomes the registered driver but must before the date of delivery.
Your vehicle must be a EV, or a PHEV with CO2 emissions bellow 75g/Km.
Grant for Scottish residents
The energy saving trust Scotland provides a grant of up to £300 through the Scottish Government. With this and the EVHS grant, Scottish residents can save up to £800 on purchasing a Wall Box charger.
To see our Electric Vehicle e-brouchure click here.