Benefits of Electric Vehicles
Businesses that switch to electric plug-in/ hybrid vehicles could reduce their fleet fuel costs by 75% (Ref: Source London) The following benefits are attainable for those investing in an EV fleet or private Ev purchase:
Businesses that switch to electric plug-in/ hybrid vehicles could reduce their fleet fuel costs by 75% (Ref: Source London)
There’s no Congestion Charge – a saving of up to £2,278 a year for fleet vehicles that are driven into central London
No company car tax for five years
No van benefit charge for five years - currently £3,000 a year
No Vehicle Excise Duty including, no first year higher rate
No fuel benefit charge
No fuel duty
100% 'write down' in your first year for new EVs you buy under Enhanced Capital Allowances. Businesses can claim the entire cost of an electric car or van against taxable profits in the year of acquisition.
Lower fuel costs. For example, for 20,000 miles you’d pay around £600 - £800 a year for your EV. For petrol or diesel you’d expect to pay around £2,400 - giving a total saving of between £1600 - £1800 per vehicle.
Immediate compliance for larger vans and minibuses with the Low Emission Zone – a saving of up to £200 a day that a non-compliant vehicle would be charged to drive within Greater London
Free or discounted parking spaces may be available depending on your area.
Zero emissions, helping to reduce greenhouse gases in the UK and meet the government 80% co2 reduction targets by 2050.
TOGETHER CHARGING A BRIGHTER FUTURE