The compelling case for electric vehicles!

As well as reducing your carbon footprint, the good news is that there’s lots of incentives to encourage the transition to electric vehicles with financial rewards.

The UK, often driven by the private sector initiatives, is now investing heavily in charging points and free parking bays in shopping centres and business locations.

This infrastructure roll out will be crucial to the success of electric vehicle adoption but as we move towards 2030, more innovative business models and investments will only increase.

This is also within a climate of needing to lower harmful vehicle emissions in many of our towns and cities, so planning ahead for more congestion charges and restrictions is important.

The benefits of electric vehicles with us

• On average electric vehicles cost £9.70 less than petrol cars to drive 100 miles (based on the Go Electric 35 tariff during off-peak hours).
• Claim back 50% VAT
• Only 2% Benefit In Kind tax (until 2025)
• Exempt from ‘Congestion Zone’ fees.
• First 5,000 miles free.
• EVs have a more responsive accelerating and braking system due to their low centre of gravity. This will improve safety.
• Better for the environment due to no exhaust gases and less noise pollution.

Although they tend to have a higher initial upfront purchase, an electric or plug-in hybrid vehicle tends to have more cost-efficient running costs, making the cost / benefit ration attractive.

Electric vehicle salary sacrifice scheme

This is an excellent opportunity to offer an electric vehicle to your employees with no set up or ongoing admin costs. The employee will contribute a portion of their gross salary annually and in return will receive an EV of their choice as well as a comprehensive vehicle care package that includes roadside assistance, insurance, services and repairs for the duration they pay into the scheme.

Employer benefits

• No set up or ongoing costs.
• Should an employee leave or be made redundant, you are protected.
• Parental leave and long-term sick allowances are accounted for.

Employee benefits

• No upfront payment or credit checks.
• Huge savings on national insurance and income tax contributions.
• EV care package and car.