By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Start Your Business Magazine
  • Store
    Merchandise
    Subscribe
  • Features

    Grow, expand and leverage your business..

    Grow your start up business with our experts and industry insiders…

    Get Started

    Quick Links

    • Agenda
    • Business Books
    • Marketing
    • Technology
    • Wellbeing
    • Finance
    Reading: Electric Cars

    Our Newsletters

    Our website stores cookies on your computer. They allow us to remember you and help personalise your experience with our site..

    Read our privacy policy for more information.
  • Book
  • Trending
    agenda

    Blurred lines between work and home are harming SME productivity – here’s how to fix it

    For many small business owners and their teams, the modern workday no…

    UK Revealed as the Worst European Country for Commuting

    With many employers reinstating back-to-office policies post-pandemic, the cost and toll of…

    agenda

    Business Investment 2025

    How Much are UK Entrepreneurs Willing to Invest in 2025? New Survey…

  • Topics

    Topics

    • Agenda
    • Blogs
    • Book Review
    • Business Advice
    • eCommerce
    • SME Update
    Reading: Electric Cars
    • Events
    • Business Experts
    • Featured
    • Franchise
    • Growing Business
    • Health
    Reading: Electric Cars
    • Finance
    • Franchise Experts
    • How To
    • Interviews
    • Just for fun
    Reading: Electric Cars
    • Lifestyle
    • Making money
    • Manufacturing
    • Marketing
    • Money
    • Property
    Reading: Electric Cars
    • Starting Up
    • Taxation
    • Technology
    • Wellbeing
    • Women in Business
    Reading: Electric Cars
Reading: Electric Cars
Connect
Start Your Business MagazineStart Your Business Magazine
Aa
  • Magazine
  • SEO – Backlinks
  • Book: Start Your Business
Search
  • Agenda
  • Book Review
  • Blogs
  • Finance
  • Growing Business
  • How To
  • Interviews
  • Marketing
  • SME Update
  • Starting Up
  • Technology
  • Wellness
  • Contact
Have an existing account? Sign In
Follow US
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
  • SEO
Copyright © 2014-2023 Ruby Theme Ltd. All Rights Reserved.

Electric Cars

Start Your Business
agenda experts
Share
5 Min Read

The future of business transport

Electric cars are becoming more prominent on our roads with some of the most well known and trusted names in the industry releasing their own electric alternatives. With the future of motoring evolving, we explore the benefits to changing your business vehicle fleet to an electric lineup.

Contents
The future of business transportGrowing demand for electric vehiclesElectric vehicles as an investmentCorporate responsibilityThe benefit of leasing electric vehicles

Growing demand for electric vehicles

With an evident rise in uptake to electric vehicles, statistics published by Next Green Car have shown new registrations of plug-in cars increased from 3,500 in 2013 to more than 227,000 by the end of August 2019. The most well-known car manufacturers have brought their own electric offering to the market and are set to build on these ranges going forward. UK charging networks such as Pod Point and Charge Your Car are also continually striving to provide charging points in more widespread locations to fulfill the demand for an increasing number of electric vehicles on the roads.

Electric vehicles as an investment

The Government Plug-in Car Grant issues a £3,500 grant towards the cost of purchasing a car and also an additional £500 can be applied for through the Electric Vehicle Homecharge Scheme, to help cover the cost of the installation of electric car charging points within homes. It is also possible to apply to the Energy Saving Trust for grants of up to £300. Road Tax exemption is also a benefit to the electric market having zero emissions and vehicles purchased under the value of £40,000. Looking towards your business fleet, EV business car drivers will be eligible for the lowest rate of company car tax (also known as Benefit-in-Kind, BiK). With the BiK rate set to drop in April 2020 with a dramatic decrease from 16% to 2%, which means you will only pay tax on just 2% of the car’s list price.

Corporate responsibility

In today’s world, taking care of our planet is an issue that is becoming more evident for everybody. More organisations than ever before are realising their responsibility to put in place initiatives that will benefit their own business and the environment. Looking to update your company’s fleet to electric vehicles will be seen as a positive step towards helping to tackle carbon emissions and show a dedication to promoting more sustainable business travel.

The benefit of leasing electric vehicles

As electric vehicles are still new to the market they are still attracting a higher cost than petrol or diesel cars. Leasing vehicles can be a more cost effective way for businesses to provide employees with a company vehicle and in the case of electric cars, many people might not be aware that it common to have to rent a battery separately to the vehicle itself. In terms of a business it can be easier to lease the package of the car and battery as a whole. Leasing a vehicle also takes away some of the risk, with guarantees to cover periods for faults and maintenance. A leasing contract can also be set up to timescales that suit and in the developing field of electric vehicles, allows flexibility to upgrade vehicles as more suitable or more efficient models are available on the market.

In summary, transitioning your fleet to electric vehicles can seem a big step, but with many flexible options available, businesses can take advantage of the growing advancements in this sector, benefitting both their staff, their communities and the planet too.

About the Author

Darren Miller is the Marketing Director of Big Motoring World in Kent, the UK’s leading independent pre-owned prestige car supermarket discusses his top tips to consider when finding your perfect student car.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Start Your Business November 18, 2019
Share this Article
Twitter LinkedIn Reddit Email Copy Link
  • RSS
  • Terms And Conditions
  • Privacy Policy
  • Contact
  • Licensing
  • SEO

Get the latest from us delivered straight to your inbox

Start Your Business Magazine: The Ultimate Business Start Up Guide provides information advice and guidance for entrepreneurs and new business start ups. Get the latest from us delivered directly to your inbox.

Our website stores cookies on your computer. They allow us to remember you and help personalize your experience with our site..

Read our privacy policy for more information.

Copyright 2023 Gambit Interactive Media Limited – All Rights Reserved.

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. Cookies are used for ads personalisation We do this to improve browsing experience as well as show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?