The benefits of switching to electric for Company Car Drivers

Electric Vehicles for Fleets

EV benefits for Company Car Drivers

For company car drivers looking to potentially minimise BIK costs, EVs are an obvious choice.

Driving down costs

In the 2020/21 tax year a SEAT Mii electric with a P11D price of £22,745 will attract 0% BIK, so there is no BIK tax to pay so the appeal of an EV is clear.

Fuel cost savings are another attraction. A SEAT Mii electric costs approximately 3p per mile for electricity which is lower than that of an equivalent petrol city car.

A sensible choice

As well as financial savings, there are also other potential benefits of switching to electric to consider.

Many large cities are planning their own congestion or exclusion zones to improve air quality, choosing an EV as your company car will help support these initiatives.

At around 3p per mile, an electric vehicle can potentially save you a significant amount of money on private mileage
As eligible EVs are exempt from the London Congestion Charge, you’ll save £11.50 every time you enter the zone*
EVs are exempt from any access restrictions or charges to all currently announced clean air zones*