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About to get a new company car? Have you considered an EV and the savings?

Posted on January 31, 2018 at 12:00PM - by EVision - The Latest EV News

Recently the UK Government announced that it will spend more than £600million on EVs. This includes £38million to be spent on public charging points. So how will this affect you?

Well the first thing you should know about electric vehicles is that the costs associated with EVs are considerably different to that of a petrol or diesel car. Typically speaking, the upfront costs are higher for electric vehicles but the running costs are considerably cheaper in many areas such as fuel, maintenance and car tax.

To give you an example of this, for an annual mileage of 10,000 miles an electric vehicle could save you up to £800 a year in refuelling costs alone. It should also be noted that if you were to hire a Tesla from EVision there would be no refuelling costs as our Teslas are free to charge at any Tesla Supercharger.

Charging an Electric Vehicle

We are in the early stages of an electric revolution in the UK transport sector, and connectivity is at its heart.
Millions of homes in the UK do not have off-street parking, so this funding is important to help local councils ensure that all their residents can take advantage of this revolution.

Transport Minister, Jesse Norman

Here are three simple points as to why an electric vehicle may be beneficial to you:

  • Electric vehicles save around £100 per 1,000 miles driven when compared to a petrol or diesel vehicle.
  • Electric fleet cars have no fuel duty payable on electricity and the Benefit in Kind for a Tesla is just 9%.
  • Electric vehicles are exempt from congestion fees in London which could save drivers up to £25 a day.

If you are going to do a lot miles driving this year, renting an electric car may be an attractive option. This is because hiring a car removes the high upfront costs, removes the uncertainty of resale value and maintenance costs.

If you would like to learn more about electric vehicles send us an email with your question to mail@evrent.co.uk

Further Reading

Transport for London on Rapid Charging
Low emmission tax benefits