Should You Consider a Hybrid or Electric Car?
There’s one big question… should you buy an electric car? The question now is ‘why would you not?’. With an ever-expanding range of models and increasing ranges, now really is the time to consider an electric car, and here are just some of the reasons why.
Low Running Costs
Charging an electric car can cost less than £10 for the majority of EVs. At a fast charger at a service station, it may cost a little over if you’ve really run the miles down. At home, you’ll typically charge using a 7kWh charge point, which will charge your car overnight. The exact costs of running a fully electric vehicle can be determined using the calculation below:
Size of battery (kWh) X Electricity cost of your supplier (pence per kilowatt-hour) = Cost to charge an electric car from absolutely empty to full.
If you like the idea of an electric car but want the backup of traditional petrol or diesel engine, you could still reduce fuel costs by considering a plug-in hybrid vehicle. Alternatively, you can use Fleet Evolution’s “Electric Flex” to your advantage! Check it out here.
No Vehicle Tax
Electric vehicles are exempt from vehicle tax, which results in annual savings. If you’re a company car driver and you take on a car through salary sacrifice schemes (for example, Fleet Evolution’s) you will benefit from significantly reduced Benefit in Kind costs. You can find out the Benefit in Kind tax rates here for the next few years, just look at how they shape up next to ICE vehicles BIK!
Electric vehicles emit fewer greenhouse gases and air pollutants over their lifetime than petrol or diesel vehicles. This contributes to a reduction in air pollution improving the air we breathe.
£2,500 Grant on Full Electric Vehicles
To incentivise private motorists to go electric, the UK government is offering grants of up to 35% or £2,500 towards the purchase of the car, provided the car costs under £32,000/£35,000. Motorists can also claim up to £350 (including VAT) off the cost of installing a charger at home through the Government’s Electric Vehicle Homecharge Scheme. Fleet Evolution are offering a similar incentive to this, you can contact them to find out more here. As well, they also offer free workplace charge points (subject to conditions).
Up to 300 Miles on One Charge
You shouldn’t worry about running out of charge as most cars now hold 300 miles. Remember, they’re only getting better as the years go on! If you want to find out more about green motoring, why not sign up for a webinar below?