Benefits for the individual

Reduce your overall motoring costs

Reduce your overall motoring costs

You can make significant savings on your fuel, service and maintenance and tax costs by choosing a plug-in alternative to regular petrol and diesel vehicles.

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Reduced Benefit in Kind (BIK)

The government have reduced BIK for all electric cars to 0% for 12 months from April 2020. Plug-in hybrid vehicles are enjoying reductions of BIK to as low as 2%. Switching to a low emissions vehicle can make a big difference to the income you take home. You can read more about the tax benefits of switching electric in our dedicated tax benefits section

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Reduce your fuel costs

The average UK motorist driving 8000 miles per year can reduce their fuel costs to £320 by switching to an electric vehicle. Electric vehicles offer value over the long term and can be an outstanding investment for drivers looking for a more cost-effective and efficient way to get around

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Easier and less frequent servicing

There are far fewer mechanical components in an electric vehicle compared with regular vehicles meaning there is less wear and tear. Research estimates service and maintenance costs are 23% lower for electric vehicles. So if you’re picking up the bill for your vehicle’s maintenance, it’s worth considering that electric vehicles will minimise the cost

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Low road tax

All electric vehicles are exempt from road tax whilst plug-in hybrid vehicles pay a reduced level of tax which increases as their tailpipe CO2 emissions increase

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Exemption from congestion charges

All plug-in vehicles are exempt from the London Congestion Charge. For regular users of this zone, you could save over £2,000 a year. Low emissions vehicles will benefit from lower charges from Clean Air Zones being implemented in Leeds, Nottingham, Birmingham, Southampton and Derby as well as the Ultra Low Emissions Zone already active in London

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Find your nearest business centre

Get in touch with a business centre near you to find out more about hybrid and electric vehicle offers

Benefits for businesses

Make the switch for your business and potentially save thousands

Make the switch for your business and potentially save thousands

Combining the savings on fuel, service, maintenance and tax you can reduce the overall cost of operating your fleet by switching to electric.

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Reduced cost of fuelling your fleet

Switching to electric vehicles can cut fuel costs from to around 5p per mile, potentially saving you thousands of pounds a year. If your staff are able to charge at work on a specially designed energy tariff, you could reduce this cost to as low as 2p per mile by making the most of favourable rates

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Reduced tax

Electric vehicles reduce the amount you pay in Class 1A National Insurance contributions on your company cars. Until April 2021 you can claim 100% first year allowance on any electric vehicle, allowing you to deduct the full cost from your profits before tax. Read more about the tax benefits you receive by switching electric in our dedicated tax benefits section

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Lower service and maintenance costs

Research estimates service and maintenance costs are 23% lower for electric vehicles. Switching electric can make a significant difference to the cost of maintaining your fleet

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Commitment to sustainability

You can reduce your business’s CO2 emissions to meet environmental goals to support brand values. Vehicle emissions are the largest single contributor to CO2 emissions in the UK and over half of the vehicles on the road are funded by businesses. By switching to electric your business can make a real contribution to the effort to be carbon neutral

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Find your nearest business centre

Get in touch with a business centre near you to find out what they can do to help you go electric

What are your potential tax benefits & savings?

Whether you're a company car driver or business owner, find out what you can save with our tax benefits guide.

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