More and more businesses are making the switch to EVs for company cars. When looking at running costs, it's easy to see why an electric vehicle is a good option. EVs can be driven for as little as 1p per mile, compared to 10p per mile. There are also much fewer moving parts, which leads to reduced maintenance costs. Paring these benefits with several tax savings and government grants, electric vehicles are an attractive option for many businesses.
Tax benefits
If you buy an electric vehicle to use as a company car, you will benefit from 1% tax through BIK (Benefit-in-kind). However, if the vehicle is used for personal use as well as business, BIK must be paid.
The BIK rate for high-emissions vehicles is over 30%, so an EV could save you a lot in tax. EV owners are also exempt from road tax.
Workplace charging
Another of the many benefits that come with owning an electric vehicle is the workplace charging scheme. The workplace charging scheme provides vouchers towards the cost of installing charging points at your business premises. While the Electric Vehicle Homecharge scheme offers up to 75% of the cost of installing a charging point in your home.
Government grants towards EVs
When you buy a new electric commercial vehicle for work use, you may be entitled to the government's low-emission vehicles grant that covers vans and trucks. The maximum grant for vans and trucks varies between £3,000 and £16,000.
If you think your business could benefit from an electric vehicle, please do get in touch with us by calling 01472 563600 or emailing sales@newcarsonline.co.uk.
In Stock Lease Deals
By choosing to lease an in-stock car from New Cars Online, there is no need to wait for the factory to build your car; cars that are in stock can be delivered in as little as 4 weeks.
No Deposit Lease Deals
With no deposit to pay, there’s no need to raid any of your savings to pay an initial sum. No Deposit Car Leasing is an affordable way to lease your next car without having to find a large up front payment.
Car Leasing Special Offers
Our special offers page is constantly being updated to bring you the very best prices. Please be aware that these deals will only be around for a limited time and, once they're gone, they're gone.